gross potential income

gross potential income

The total rent possible from a property if it were 100 percent leased at market rates (with no deductions for bad debt,) plus ancillary income such as from laundry machines and late fees.Contrast with gross potential rental income.

References in periodicals archive ?
Built in 1992, the investment property has a gross potential income of over $500,000 in rental income plus miscellaneous income sources.
GrOSS Potential Income (GPI) is the maximum amount of income a property would produce when 100 percent of the rental space or units are leased at the full market rental rate in any given market.
Gross potential income in $6k range without buying more units.
Gross potential income, vacancy, operating expenses, replacement reserves, and net operating income are the same as used for the LIHTC apartment in Table 1.
* Identification and quantification of revenue sources to estimate gross potential income (GPI)
For ease in illustration, let's assume this 250|unit property has $1,250,000 gross potential income (GPI) with a 20 percent vacancy/delinquency (also known as economic vacancy) factor, resulting in $1 million effective gross income (EGI).
This analysis supports other income for the subject at 2.9% of the gross potential income.
For example, while the ratio of operating expense to gross potential income of the comparables is similar, the ratio of NOI to gross potential income is considerably lower for sale 3.