Real Estate Math
A property has an effective gross income of $96,000 and an operating expense ratio of 40%. What is the NOI?
A$57,600✓ Correct
B$38,400
C$48,000
D$62,400
Explanation
Operating expenses = $96,000 × 40% = $38,400. NOI = $96,000 − $38,400 = $57,600. To solve this, multiply the relevant values: $96,000 at 40%.. The correct answer is $57,600.. This is a common calculation on the Indiana real estate exam.
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