Real Estate Math
An Idaho rental property has annual gross income of $36,000, operating expenses of $14,400, and debt service of $16,200. What is the annual cash flow before taxes?
A$5,200
B$5,400✓ Correct
C$5,600
D$5,800
Explanation
NOI = Gross Income - Operating Expenses = $36,000 - $14,400 = $21,600. Cash Flow Before Tax = NOI - Debt Service = $21,600 - $16,200 = $5,400.
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