Real Estate Math

A Florida investor needs a 10.5% return on a $380,000 property. What annual NOI is required?

A$39,900✓ Correct

B$38,000

C$42,000

D$36,200

Explanation

Required NOI = $380,000 × 10.5% = $39,900. To solve this, multiply the relevant values: $380,000 at 10.5%.. The correct answer is $39,900.. This is a common calculation on the Florida real estate exam.

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