Real Estate Math
A Hawaii investment property generates $4,200/month gross rent. Operating expenses are 40% of gross rent. What is the annual NOI?
AA. $20,160
BB. $30,240✓ Correct
CC. $50,400
DD. $25,200
Explanation
Annual gross rent = $4,200 × 12 = $50,400. Operating expenses = 40% × $50,400 = $20,160. NOI = $50,400 - $20,160 = $30,240. The net operating income excludes debt service but deducts all operating expenses from gross income.
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