Real Estate Math
A Kansas property has annual gross income of $60,000 with a 7% vacancy rate and operating expenses of $22,000. What is the NOI?
A$33,800✓ Correct
B$34,800
C$38,000
D$55,800
Explanation
EGI = $60,000 × (1 - 0.07) = $60,000 × 0.
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