Real Estate Math
A NH duplex generates $1,800/month per unit. Annual operating expenses total $14,400. What is the annual net operating income (NOI)?
A$28,800✓ Correct
B$43,200
C$24,480
D$14,400
Explanation
Gross annual income = $1,800 × 2 units × 12 months = $43,200. NOI = Gross income − Operating expenses = $43,200 − $14,400 = $28,800.
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