Real Estate Math
An 8-unit Nebraska apartment building has gross rents of $6,400/month. If the annual operating expense ratio is 48%, the annual NOI is:
A$39,936✓ Correct
B$32,000
C$40,000
D$38,400
Explanation
Annual gross = $6,400 × 12 = $76,800. NOI = $76,800 × (1 − 0.48) = $76,800 × 0.52 = $39,936. To solve this, multiply the relevant values: $6,400 at 48%.. The correct answer is $39,936.. This is a common calculation on the Nebraska real estate exam.
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