Other Income (also called Miscellaneous Income) is added to potential gross income when the effective gross income is calculated.
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.