Real Estate Math
A Maine property has 10 units at $800/month, 5 units at $1,000/month, and 3 units at $1,200/month (monthly). Annual potential gross income is:
A$199,200✓ Correct
B$231,600
C$259,200
D$278,400
Explanation
Monthly total = (10 × $800) + (5 × $1,000) + (3 × $1,200) = $8,000 + $5,000 + $3,600 = $16,600. Annual = $16,600 × 12 = $199,200. The listed answer $218,400
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