Real Estate Math
A Maryland property investor purchases a fourplex for $600,000. Monthly rents are $1,200 per unit. Annual vacancy is 5%. What is the annual EGI?
A$54,720✓ Correct
B$57,600
C$46,512
D$60,000
Explanation
Annual PGI = 4 × $1,200 × 12 = $57,600. Vacancy = 5% × $57,600 = $2,880.
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