Real Estate Math (alternative)
A Maryland property generates monthly rents of $2,500. Annual operating expenses are $12,000. Annual NOI is:
A$18,000✓ Correct
B$30,000
C$42,000
D$13,800
Explanation
Annual gross income = $2,500 × 12 = $30,000. NOI = $30,000 − $12,000 = $18,000. Using the values given ($2,500, $12,000), apply the appropriate formula.. The correct answer is $18,000.. This is a common calculation on the Maryland real estate exam.
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