Real Estate Math
A Delaware property has a potential gross income of $120,000, vacancy loss of 8%, and operating expenses that are 35% of effective gross income. What is the NOI?
A$71,760✓ Correct
B$72,000
C$68,400
D$78,000
Explanation
EGI = $120,000 × (1 − 0.08) = $120,000 × 0.92 = $110,400. Operating Expenses = $110,400 × 0.35 = $38,640. NOI = $110,400 − $38,640 = $71,760.
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