Real Estate Math
A property has a gross annual rental income of $48,000, vacancy loss of 8%, and operating expenses of $15,000. What is the NOI?
A$29,160✓ Correct
B$28,160
C$33,000
D$28,840
Explanation
Vacancy loss = $48,000 × 8% = $3,840. EGI = $48,000 − $3,840 = $44,160. NOI = $44,160 − $15,000 = $29,160.
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