Real Estate Math
A Hawaii property's potential gross income is $132,000 with a 6% combined vacancy and credit loss rate. Operating expenses are $47,520. What is the NOI?
AA. $76,560✓ Correct
BB. $76,540
CC. $76,400
DD. $78,000
Explanation
EGI = $132,000 × 0.94 = $124,080.
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Key Terms to Know
Net Operating Income (NOI)
The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
Pre-ApprovalA lender's conditional commitment to loan a specific amount to a borrower, based on verified income, credit, and assets.
Capitalization Rate (Cap Rate)A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
Math Concepts
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