Real Estate Math
A Nevada income property has annual gross income of $150,000, a 5% vacancy rate, and operating expenses equal to 35% of EGI. What is the NOI?
A$92,625✓ Correct
B$97,500
C$85,000
D$90,000
Explanation
EGI = $150,000 – (5% x $150,000) = $150,000 – $7,500 = $142,500. Operating expenses = 35% x $142,500 = $49,875.
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