Real Estate Math
An Indiana duplex generates monthly rents of $1,200 and $1,100. Annual operating expenses are $8,400. What is the annual NOI?
A$19,200✓ Correct
B$20,400
C$22,800
D$27,600
Explanation
Annual gross rents = ($1,200 + $1,100) × 12 = $2,300 × 12 = $27,600. NOI = $27,600 − $8,400 = $19,200.
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