Real Estate Math
An Indiana commercial property grosses $180,000 in annual rent with a 10% vacancy rate and $62,000 in operating expenses. What is the NOI?
A$100,000✓ Correct
B$85,000
C$118,000
D$115,000
Explanation
EGI = $180,000 × (1 − 0.10) = $162,000.
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