Real Estate Math
A Nevada commercial property has annual operating expenses of $40,000 and potential gross income of $90,000 with a 10% vacancy rate. What is the NOI?
A$41,000✓ Correct
B$50,000
C$81,000
D$45,000
Explanation
Effective Gross Income = $90,000 – (10% x $90,000) = $90,000 – $9,000 = $81,000. NOI = $81,000 – $40,000 = $41,000.
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