Oycora methodology
Net Operating Income (NOI)
Property income remaining after operating expenses and before CapEx, financing, income taxes, and depreciation.
Methodology v1.0Effective 2026-08-23Last reviewed 2026-08-23
How this is calculated
NOI = effective gross income - operating expenses
Oycora keeps CapEx separate from NOI and classifies debt service as financing, not an operating expense.
Why it matters
NOI isolates property operations so operating performance can be evaluated independently of financing.
What is included
- Effective gross income
- Recurring operating expenses
What is excluded
- Capital expenditures and reserves
- Debt service
- Loan fees
- Income taxes
- Depreciation
Assumptions and limitations
- NOI is only as complete as the entered income and operating-expense assumptions.