Real Estate Math
A Kansas property's NOI is $45,000. Operating expenses are $20,000 annually. What was the effective gross income?
A$25,000
B$65,000✓ Correct
C$45,000
D$20,000
Explanation
NOI = EGI - Operating Expenses. Rearranged: EGI = NOI + Operating Expenses = $45,000 + $20,000 = $65,000.
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