Real Estate Math
A Michigan commercial property has an EGI of $120,000 and operating expenses of $48,000. What is the NOI?
A$72,000✓ Correct
B$168,000
C$60,000
D$80,000
Explanation
NOI = Effective Gross Income - Operating Expenses = $120,000 - $48,000 = $72,000. Using the values given ($120,000, $48,000), apply the appropriate formula..
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