Real Estate Math
A Delaware rental property generates annual gross rents of $48,000 with a 5% vacancy rate. Operating expenses total $22,000. What is the NOI?
A$23,600✓ Correct
B$24,600
C$26,000
D$25,600
Explanation
Effective Gross Income = $48,000 × (1 − 0.05) = $48,000 × 0.
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