Real Estate Math
A Massachusetts duplex generates $2,400/month per unit. Annual operating expenses are $19,200. What is the annual NOI?
A$38,400✓ Correct
B$57,600
C$28,800
D$19,200
Explanation
Annual gross income = 2 units × $2,400 × 12 = $57,600. NOI = $57,600 − $19,200 = $38,400. Using the values given ($2,400, $19,200), apply the appropriate formula.. The correct answer is $38,400.. This is a common calculation on the Massachusetts real estate exam.
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