Real Estate Math
A Maryland investment property produces $4,200 per month gross rent. Annual operating expenses are $18,000. The NOI is:
A$18,000
B$32,400✓ Correct
C$50,400
D$27,540
Explanation
Annual gross rent = $4,200 × 12 = $50,400. NOI = $50,400 – $18,000 = $32,400.
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