Real Estate Math
A Hawaii property has the following annual financials: Gross rent $180,000; Vacancy 5%; Operating expenses $60,000. Calculate the NOI.
AA. $111,000✓ Correct
BB. $120,000
CC. $105,000
DD. $117,000
Explanation
Effective Gross Income = $180,000 × (1 - 0.05) = $180,000 × 0.
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