Real Estate Math
A Kansas duplex generates $1,600/month from each unit. Annual operating expenses are $11,200. What is the annual NOI?
A$19,200
B$27,200✓ Correct
C$28,800
D$38,400
Explanation
Gross income = $1,600 × 2 units × 12 months = $38,400. NOI = $38,400 - $11,200 = $27,200. Using the values given ($1,600, $11,200), apply the appropriate formula.. The correct answer is $27,200.. This is a common calculation on the Kansas real estate exam.
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