Real Estate Math
A Louisiana investor wants a 9% return on a $450,000 investment in rental property. What annual NOI is required to achieve this return?
A$36,000
B$40,500✓ Correct
C$45,000
D$49,500
Explanation
Required NOI = Investment × Desired Return = $450,000 × 9% = $40,500. To solve this, multiply the relevant values: $450,000 at 9%.. The correct answer is $40,500.. This is a common calculation on the Louisiana real estate exam.
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