Real Estate Math
A Nevada rental property produces monthly rent of $2,200. The owner's operating expenses are $8,400 per year. What is the annual NOI?
A$18,000✓ Correct
B$17,400
C$26,400
D$15,300
Explanation
Annual gross income = $2,200 x 12 = $26,400. NOI = $26,400 – $8,400 = $18,000. The answer is $18,000.
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