Real Estate Math
A Maine property has a potential gross income of $120,000, 6% vacancy, and operating expenses equal to 35% of effective gross income. The NOI is:
A$68,040
B$70,680
C$73,320✓ Correct
D$78,000
Explanation
EGI = $120,000 × (1 − 0.06) = $120,000 × 0.
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