Real Estate Math
A Nevada property rents for $3,500/month. Operating expenses are $18,000/year and vacancy is 6%. What is the annual NOI?
A$21,480✓ Correct
B$24,480
C$24,960
D$25,440
Explanation
Annual gross income = $3,500 × 12 = $42,000. EGI = $42,000 × (1 - 0.
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