Real Estate Math
A New Mexico commercial property generates $180,000 in annual gross revenue. Operating expenses are 45% of gross revenue. What is the NOI?
A$81,000
B$99,000✓ Correct
C$90,000
D$108,000
Explanation
Operating expenses = $180,000 x 45% = $81,000. NOI = Gross Revenue - Operating Expenses = $180,000 - $81,000 = $99,000.
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