Real Estate Math

A NH duplex rents each unit at $1,350/month. Annual operating expenses are $11,200. What is the annual NOI?

A$21,200✓ Correct

B$18,020

C$24,380

D$19,504

Explanation

Annual gross rent = 2 units × $1,350 × 12 = $32,400. NOI = $32,400 − $11,200 = $21,200. Using the values given ($1,350, $11,200), apply the appropriate formula.. The correct answer is $21,200.. This is a common calculation on the New Hampshire real estate exam.

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