Miscellaneous Income (Also called Other income) is income from sources other than rent. These may contribute significantly to the cash flow and, therefore, to the value of the property. Other income includes items such as:
|•||Coin operated laundry|
|•||Income from parking|
Other income can add considerably to the potential gross income and to the value of the property.
Miscellaneous is added to Potential Gross Income when estimating Effective Gross Income