Real Estate Math
A Hawaii property has a gross scheduled income of $180,000, vacancy rate of 5%, and operating expenses of $72,000. What is the NOI?
AA. $99,000✓ Correct
BB. $99,500
CC. $104,000
DD. $103,000
Explanation
EGI = $180,000 × 0.95 = $171,000.
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