Real Estate Math
A Kansas property has potential gross income of $48,000, a 6% vacancy rate, and annual operating expenses of $16,500. What is the NOI?
A$28,380✓ Correct
B$29,100
C$31,500
D$31,200
Explanation
EGI = $48,000 × (1 - 0.06) = $48,000 × 0.
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