Potential Gross Income


Definition of "Potential gross income"

Roxane Cook
  The Home Team Of America

Expected revenue to be earned from a sale or the rendering of services. An example is a potential buyer of an apartment house who must estimate the gross rentals to be received in order to determine a realistic offering price for the property.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Writ Of Mandamus

Court order stopping or directing a judicial directive. ...

Regular Medical Expense Insurance

Providing coverage for physicians' fees, expenses associated with nonsurgical care whether in the in ...

Actuarial Equivalent

Mathematical determination based on the expectation of loss and the benefits to be paid in such an e ...

Grantor Retained Annuity Trust (grat)

Irrevocable trust into which the grantor places assets and receives in turn a fixed amount of income ...

Loss Reserves

Provision for known claims due but not paid, known claims not yet due, and provision for incurred bu ...

Quadrominium

A four-unit building with four tenants in a condominium type of ownership and management. ...

Related Real Estate FAQ

How Much Will My Principal Be?

This calculator figures your principal balance after any number of payments. Input the beginning pri ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

What Is An APR And What Does It Include?

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is Escrow and how does it Work? Home Prices - The Extra Costs 3 tips to ensure your sale goes through Tax Breaks for the First Time Home Buyer Why Use a Real Estate Agent?

FAQ

What if the computer I want to insure is homemade or custom-built? What is a Good Faith Estimate? What do I need to know about Whole Life Insurance? What do I need to know about Pet Insurance? What is a lock in?