Real Estate Math
A Massachusetts real estate investor evaluates a property with a potential gross income of $96,000, a 6% vacancy rate, and operating expenses of $34,000. What is the net operating income?
A$56,240✓ Correct
B$62,000
C$90,240
D$56,000
Explanation
EGI = $96,000 × (1 − 0.06) = $96,000 × 0.
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