Real Estate Math
A landlord wants to achieve $18,000/year NOI on a property with annual operating expenses of $14,400. What must the annual gross rent be, assuming a 5% vacancy rate?
A$32,400
B$33,053
C$34,105✓ Correct
D$35,400
Explanation
EGI − operating expenses = NOI. EGI = $18,000 + $14,400 = $32,400.
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