Real Estate Math
A Missouri investment property generates $4,200/month rent. Annual vacancy is 8% and operating expenses are $18,500. What is the annual NOI?
A$27,868✓ Correct
B$32,200
C$29,132
D$28,700
Explanation
Annual gross = $4,200 × 12 = $50,400. Vacancy = $50,400 × 8% = $4,032. EGI = $46,368. NOI = $46,368 − $18,500 = $27,868 ≈ $25,932. Recalculate: $50,400 × 0.08 = $4,032. EGI = $50,400 − $4,032 = $46,368. NOI = $46,368 − $18,500 = $27,868.
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