Real Estate Math
A Mississippi investor pays $180,000 for a rental property and expects an 8% return. The required annual NOI is:
A$12,000
B$14,000
C$14,400✓ Correct
D$16,000
Explanation
Required NOI = $180,000 × 8% = $14,400 per year. To solve this, multiply the relevant values: $180,000 at 8%..
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