Real Estate Math
A Maine investment property generates $72,000 annual gross income. Vacancy and collection loss is 8%. Operating expenses are $28,000. The NOI is:
A$38,240✓ Correct
B$36,240
C$44,000
D$66,240
Explanation
EGI = $72,000 × (1 − 0.08) = $66,240. NOI = EGI − Operating expenses = $66,240 − $28,000 = $38,240. To solve this, multiply the relevant values: $72,000 and $28,000 at 8%.. The correct answer is $38,240.. This is a common calculation on the Maine real estate exam.
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