effective gross income - potential gross income at 100% occupancy minus a vacancy allowance plus any miscellaneous income. For example, a 10-unit apartment building with each unit renting for $1,000/ month and coin laundry income of $200/ month produces a potential gross income of $10,200/month. Assuming a 5% vacancy factor, the effective gross income would be [$10,000 ? (5% of $10,000) + $200], or $9,700 per month.

© 2004 Bella Vista Publishing Company, Inc.  ISBN 0-9718225-0-6

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