Real Estate Math
A Connecticut commercial property has annual gross income of $420,000, a 5% vacancy allowance, and annual operating expenses of $155,000. What is the NOI?
A$244,000✓ Correct
B$265,000
C$207,400
D$274,000
Explanation
EGI = $420,000 × (1 - 0.05) = $420,000 × 0.
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