Real Estate Math
A Hawaii property has a potential gross income of $120,000, vacancy and credit loss of $9,000, and operating expenses of $45,000. What is the net operating income?
AA. $66,000✓ Correct
BB. $75,000
CC. $111,000
DD. $120,000
Explanation
EGI = $120,000 - $9,000 = $111,000. NOI = $111,000 - $45,000 = $66,000.
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