Real Estate Math
An Iowa duplex generates $1,450/month per unit. The monthly expenses are $1,200. What is the annual NOI?
A$15,600
B$17,400
C$20,400✓ Correct
D$22,200
Explanation
Annual gross income = 2 × $1,450 × 12 = $34,800. Annual expenses = $1,200 × 12 = $14,400.
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