Real Estate Math
A Nevada commercial property generates annual gross income of $180,000, has vacancy and collection losses of 5%, and operating expenses of $60,000. What is the Net Operating Income (NOI)?
A$111,000✓ Correct
B$120,000
C$94,350
D$129,000
Explanation
Effective Gross Income = $180,000 × (1 - 0.05) = $171,000.
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