Real Estate Math
A property generates $4,500/month in gross rent. The annual operating expense ratio is 35%. What is the annual NOI?
A$18,900
B$35,100✓ Correct
C$54,000
D$29,700
Explanation
Gross annual rent = $4,500 × 12 = $54,000. Operating expenses = 35% × $54,000 = $18,900. NOI = $54,000 − $18,900 = $35,100.
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