Real Estate Math
A Maine commercial property is listed at $1,200,000 with a cap rate of 7.5%. The NOI implied by the listing price is:
A$72,000
B$80,000
C$90,000✓ Correct
D$96,000
Explanation
NOI = Value × Cap Rate = $1,200,000 × 7.5% = $90,000. To solve this, multiply the relevant values: $1,200,000 at 7.5%.. The correct answer is $90,000.. This is a common calculation on the Maine real estate exam.
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