Real Estate MathIntermediateDelaware Exam
An investment property in Delaware has a potential gross income of $96,000. The vacancy rate is 7.5% and operating expenses total $32,000. What is the net operating income?
A$56,800Correct
B$56,000
C$55,800
D$57,200
Why $56,800 Is Correct
Answer A: $56,800
EGI = $96,000 × (1 − 0.075) = $96,000 × 0.
Exam Tip: Real Estate Math
Math questions are formula-based. Memorize the key formulas: commission splits, proration, cap rate (NOI ÷ Value), GRM (Price ÷ Gross Rent), and LTV (Loan ÷ Value). Practice converting between annual and monthly figures.
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