Jan 11 , 2016

Tampa School of Real Estate

Effective Gross Income (egi)

Definition: The anticipated income stemming from the estimated potential gross income from a rental property,  less deductions for vacancy and collection losses.

Pronunciation: \i-ˈfek-tiv, e-, ē-, ə-\

Used in a Sentence:  After calculating the vacancies and collection losses, the annual effective gross income for the apartment building was $72,330.

E