Real Estate Math
An investor wants a 9% return on a $1,350,000 investment. What must the annual NOI be to achieve this return?
A$121,500✓ Correct
B$135,000
C$150,000
D$108,000
Explanation
Required NOI = Investment × Desired Return = $1,350,000 × 9% = $121,500. To solve this, multiply the relevant values: $1,350,000 at 9%..
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