What is effective gross income: A landlord’s guide to boosting profitability in multifamily properties
MRI Software
SEPTEMBER 29, 2024
Calculating effective gross income (EGI) Calculating EGI involves several steps to ensure accuracy. First, determine the potential gross income (PGI), which is the total rental income if the property is fully occupied. Lenders often use EGI to assess a real estate investment’s risk and return.
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