Real Estate Math
A NC commercial property has a potential gross income of $180,000, a 6% vacancy loss, and operating expenses of $54,000. The NOI is:
A$114,800
B$115,200✓ Correct
C$120,000
D$113,920
Explanation
EGI = $180,000 x (1 - 0.06) = $180,000 x 0.
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