Effective Gross Income. The total gross income from all sources, after allowing for vacancy and collection losses.
effective gross income. The anticipated income from all operations of the real property after an allowance is made for vacancy and collection losses.
Effective gross income. The total income from a property generated by rents and other sources, less a vacancy factor estimated to be appropriate for the property. EGI is expressed as collected income before expenses and debt service. [Go to source
Effective Gross Income. See Gross Operating Income
Effective Gross Income. Term used for an income-producing property, derived from the potential gross income, less a vacancy factor and a collection loss amount.
Effective Gross Income. Gross income of a building if fully rented, less an allowance for estimated vacancies.
(See Adjusted Gross Income.)
Effective gross income. The resulting amount when vacancy and collection losses are subtracted from potential gross income.