Real Estate Math
A property with a potential gross income of $90,000, 8% vacancy, and $32,000 in operating expenses has a NOI of:
A$50,800✓ Correct
B$52,800
C$58,000
D$55,000
Explanation
EGI = $90,000 × (1 − 0.08) = $90,000 × 0.
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