Real Estate Math
A property generates annual gross rent of $42,000, has a 5% vacancy rate, and operating expenses of $15,000. What is the NOI?
A$24,900✓ Correct
B$25,200
C$27,000
D$22,100
Explanation
Effective gross income = $42,000 × (1 − 0.05) = $39,900.
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