Real Estate Math
A commercial property's potential gross income is $150,000. Vacancy and collection losses are 7%. Operating expenses are $55,000. What is the NOI?
A$84,500✓ Correct
B$87,000
C$89,500
D$95,000
Explanation
Effective gross income = $150,000 × (1 − 0.07) = $150,000 × 0.
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