Real Estate Math
A Nevada investor owns a 12-unit apartment complex. Each unit rents for $1,100/month. The vacancy rate is 8% and annual expenses are $52,000. What is the NOI?
A$158,400
B$93,728✓ Correct
C$145,728
D$106,400
Explanation
Gross potential income = 12 × $1,100 × 12 = $158,400/year. Vacancy loss = $158,400 × 0.
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