Real Estate Math
An investor wants a 12% annual return on a $480,000 investment. What annual NOI is required?
A$57,600✓ Correct
B$48,000
C$40,000
D$96,000
Explanation
Required NOI = Investment × Desired Return = $480,000 × 12% = $57,600. To solve this, multiply the relevant values: $480,000 at 12%..
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