What is Effective Gross Income?
A property’s actual collected revenue: Net Rental Revenue (GPR minus vacancy, loss to lease, credit loss, and concessions) plus other income. The revenue line that operating expenses are paid from to reach NOI.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.