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The term that best describes positive equity income in the context of real estate and investment is net operating income. This figure represents the income generated from the property after all operating expenses are subtracted but before any financing costs are considered. It effectively measures the profitability of the property based on its operations, which can include rental income, and is crucial for real estate investors to understand the cash flow potential of their investments.

Gross potential income refers to the total income the property could generate if it were fully rented at market rates, without accounting for vacancies or credit losses. While it provides an indication of the income potential, it does not capture the actual income realized after expenses.

Dividends pertain to payments made to shareholders from company profits and are not associated with real estate income. Passive loss refers to losses incurred from rental activities when the expenses exceed the income, and it typically applies to tax situations where passive activity rules are in play.

In summary, net operating income is the most accurate term representing the ongoing income stream generated from the property's operations, making it the appropriate choice for identifying positive equity income in real estate.