Real Estate Math
A Kentucky property earns $3,200/month gross rent. Vacancy is 7%, operating expenses are $800/month. What is the monthly NOI?
A$2,176✓ Correct
B$2,400
C$2,576
D$2,976
Explanation
EGI = $3,200 × (1 − 0.07) = $3,200 × 0.
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