Real Estate Math
A Delaware commercial property has potential gross income of $200,000, a vacancy rate of 8%, and operating expenses of $65,000. What is the net operating income (NOI)?
A$119,000✓ Correct
B$135,000
C$120,000
D$118,000
Explanation
Effective Gross Income = $200,000 − ($200,000 × 8%) = $200,000 − $16,000 = $184,000. NOI = $184,000 − $65,000 = $119,000.
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