Real Estate Math
A duplex in Juneau generates monthly rents of $1,400 and $1,500. Annual operating expenses are $9,600. What is the annual NOI?
A$17,400
B$25,200✓ Correct
C$26,400
D$27,600
Explanation
Annual gross income = ($1,400 + $1,500) × 12 = $2,900 × 12 = $34,800. NOI = $34,800 − $9,600 = $25,200.
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