Real Estate Math
A New Mexico building has 12 units, each renting for $950/month. With 6% vacancy and $42,000 in annual expenses, what is the NOI?
A$93,720
B$84,000
C$93,360
D$87,000✓ Correct
Explanation
Potential gross income = 12 × $950 × 12 = $136,800. Vacancy loss = $136,800 × 0.
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