Real Estate Math
A NC investor's property generates $2,800/month in rent with a 5% vacancy rate and $9,500/year in operating expenses. The annual NOI is:
A$22,460✓ Correct
B$23,960
C$24,100
D$22,900
Explanation
Annual gross = $2,800 x 12 = $33,600. EGI = $33,600 x 0.
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