Real Estate Math
An Iowa investment property has annual gross income of $96,000. After 7% vacancy and $32,000 operating expenses, what is the NOI?
A$57,280✓ Correct
B$64,000
C$89,280
D$50,720
Explanation
EGI = $96,000 x (1 - 0.07) = $96,000 x 0.
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