Real Estate Math
A Connecticut property investor wants a 9% return on their $150,000 cash investment. What minimum annual NOI is required?
A$13,500✓ Correct
B$15,000
C$12,000
D$18,000
Explanation
Required NOI = Investment × Required return = $150,000 × 9% = $13,500. To solve this, multiply the relevant values: $150,000 at 9%.. The correct answer is $13,500.. This is a common calculation on the Connecticut real estate exam.
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