Real Estate Math
A property has a gross annual income of $60,000 and annual expenses of $22,000. What is the net operating income (NOI)?
A$38,000✓ Correct
B$44,000
C$60,000
D$22,000
Explanation
NOI = Gross Income − Operating Expenses. $60,000 − $22,000 = $38,000.
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