Real Estate Math
A Mississippi commercial property has 5,000 sq ft rented at $14/sq ft/year. Operating expenses are $21,000/year. The NOI is:
A$49,000✓ Correct
B$70,000
C$45,000
D$40,000
Explanation
Gross rent = 5,000 × $14 = $70,000. NOI = $70,000 − $21,000 = $49,000.
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