Real Estate Math
An Illinois property generates annual gross rent of $96,000 with a 7% vacancy rate. Operating expenses are 38% of EGI. What is the NOI?
A$55,282✓ Correct
B$52,891
C$59,520
D$57,000
Explanation
EGI = $96,000 × (1 - 0.07) = $96,000 × 0.
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