Real Estate Math
A Massachusetts commercial property has annual gross income of $240,000. Operating expenses are 38% of gross income. The resulting NOI is:
A$91,200
B$148,800✓ Correct
C$165,600
D$240,000
Explanation
Operating expenses = $240,000 × 38% = $91,200. NOI = $240,000 − $91,200 = $148,800.
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