Which factor is NOT considered a property profitability factor?

Operating Income is a crucial aspect of understanding how profitable a property can be. It represents the income generated from the property after operating expenses are deducted but before taxes and interest. By evaluating operating income, property managers and investors can gauge the potential earnings from running a property, which directly impacts profitability assessments.

In contrast, factors like Break-Even Point, Return on Investment, and Capitalization Rate are more oriented towards evaluating the potential returns and financial thresholds associated with an investment. The Break-Even Point identifies the level of revenue needed to cover costs, the Return on Investment measures the gain or loss generated relative to the investment cost, and the Capitalization Rate indicates the expected rate of return on an investment property based on its current income and value.

Since Operating Income reflects the actual income generated by the property, it is a fundamental profitability factor rather than a metric used to assess profitability in a broader financial or investment context.