Real Estate Math
A Missouri apartment building has 15 units at an average rent of $800/month. Annual gross potential income is:
A$120,000
B$144,000✓ Correct
C$132,000
D$160,000
Explanation
Annual PGI = 15 units x $800/month x 12 months = $144,000. Using the values given ($800), apply the appropriate formula.. The correct answer is $144,000.. This is a common calculation on the Missouri real estate exam.
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