Real Estate Math
A Mississippi property's gross potential income is $48,000/year. Vacancy and collection loss is 5%. Operating expenses are $15,000. The NOI is:
A$30,600✓ Correct
B$33,000
C$30,000
D$31,000
Explanation
EGI = $48,000 × (1 − 0.05) = $45,600.
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