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  3. --------- minus -------- equals net operating inco

--------- minus -------- equals Net Operating Income (NOI) ...

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Finance

--------- minus -------- equals Net Operating Income (NOI)

Effective Gross Income (EGI), Operating Expenses

Gross Potential Income (GPI), Loss to lease

Net Rent Revenue, Operating Expenses

Effective Gross Income (EGI), Annual Debt Service (ADS)

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