Real Estate Math
A property has an effective gross income of $95,000 and operating expenses of $38,000. What is the NOI?
A$38,000
B$57,000✓ Correct
C$95,000
D$133,000
Explanation
NOI = Effective Gross Income − Operating Expenses = $95,000 − $38,000 = $57,000. Using the values given ($95,000, $38,000), apply the appropriate formula.. The correct answer is $57,000.. This is a common calculation on the Indiana real estate exam.
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