Real Estate Math
A triplex in Alaska generates monthly rents of $1,400, $1,550, and $1,350. Annual vacancy is 8%. Operating expenses are $18,000 per year. What is the annual NOI?
A$31,968
B$36,576
C$29,472✓ Correct
D$40,800
Explanation
Annual PGI = ($1,400 + $1,550 + $1,350) × 12 = $4,300 × 12 = $51,600. Vacancy = $51,600 × 8% = $4,128.
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