Real Estate Math
A Hawaii property has an effective gross income of $108,000 and an operating expense ratio of 38%. What is the NOI?
AA. $67,040
BB. $66,960✓ Correct
CC. $67,200
DD. $66,000
Explanation
Operating expenses = $108,000 × 0.38 = $41,040. NOI = $108,000 - $41,040 = $66,960. To solve this, multiply the relevant values: $108,000 at 38%.. The correct answer is B. $66,960.. This is a common calculation on the Hawaii real estate exam.
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