Real Estate Math
A Missouri rental property has gross monthly rents of $4,500 and annual operating expenses of $18,000. What is the annual NOI?
A$36,000✓ Correct
B$54,000
C$18,000
D$72,000
Explanation
Annual gross income = $4,500 × 12 = $54,000. NOI = $54,000 − $18,000 = $36,000. Using the values given ($4,500, $18,000), apply the appropriate formula.. The correct answer is $36,000.. This is a common calculation on the Missouri real estate exam.
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