Real Estate Math
A NH income property has a 92% occupancy rate and 60 total units renting at $950/month. What is the effective gross monthly income?
A$52,440✓ Correct
B$57,000
C$55,200
D$49,400
Explanation
Potential gross income = 60 × $950 = $57,000/month. EGI = $57,000 × 0.
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