Real Estate Math
A Hawaii income property earns a potential gross income of $150,000 per year with a 5% vacancy rate. What is the effective gross income?
A$135,000
B$142,500✓ Correct
C$145,000
D$150,000
Explanation
Vacancy loss = $150,000 × 0.05 = $7,500. EGI = $150,000 − $7,500 = $142,500. To solve this, multiply the relevant values: $150,000 at 5%.. The correct answer is $142,500.. This is a common calculation on the Hawaii real estate exam.
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