Real Estate Math
A Nevada investor purchased a property for $380,000 and wants to earn a minimum 12% annual return on their investment. What must the minimum annual NOI be?
A$45,600✓ Correct
B$38,000
C$31,667
D$40,000
Explanation
Required NOI = Investment × Required Return = $380,000 × 0.12 = $45,600.
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