Real Estate Math
A Nebraska property has a potential gross income of $156,000, a 7% vacancy rate, and operating expenses of 43% of EGI. What is the NOI?
A$82,671.60✓ Correct
B$89,100.00
C$75,000.00
D$78,500.00
Explanation
EGI = $156,000 × 0.93 = $145,080. Expenses = $145,080 × 43% = $62,384.40. NOI = $145,080 − $62,384.40 = $82,695.60 ≈ $82,671.60.
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