Real Estate Math
A property generates potential gross income of $120,000. Vacancy and collection loss is estimated at 5%. Operating expenses are $40,000. What is the NOI?
AA. $80,000
BB. $74,000✓ Correct
CC. $114,000
DD. $76,000
Explanation
EGI = $120,000 × (1 − 0.05) = $114,000.
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