Real Estate Math
A Minnesota property generates $2,800/month in rent. Operating expenses are 35% of gross income. What is the monthly NOI?
A$1,820✓ Correct
B$1,960
C$2,100
D$2,240
Explanation
Operating expenses = $2,800 x 35% = $980. Monthly NOI = $2,800 - $980 = $1,820.
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