Real Estate Math
A Missouri investor's 10-unit apartment building has average rent of $750/month per unit. Annual effective gross income with 8% vacancy is:
A$82,800✓ Correct
B$83,400
C$90,000
D$75,000
Explanation
PGI = 10 units x $750 x 12 = $90,000. Vacancy = $90,000 x 8% = $7,200.
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