Real Estate Math
A Mississippi investor analyzes a property with a potential gross income of $96,000, vacancy rate of 8%, and operating expenses of $38,000. The net operating income (NOI) is:
A$50,320✓ Correct
B$58,000
C$49,280
D$88,320
Explanation
EGI = PGI × (1 - vacancy) = $96,000 × 0.92 = $88,320.
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