Real Estate Math
A Kansas property generates $2,200/month in rent. Annual operating expenses total $8,400. What is the annual NOI?
A$17,400
B$18,000✓ Correct
C$18,600
D$26,400
Explanation
Annual rent = $2,200 × 12 = $26,400. NOI = $26,400 - $8,400 = $18,000.
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