Real Estate Math
A NC landlord's annual income from a 12-unit building is $156,000. Annual expenses total $62,400. The NOI is:
A$93,600✓ Correct
B$78,000
C$156,000
D$62,400
Explanation
NOI = Effective Gross Income - Operating Expenses = $156,000 - $62,400 = $93,600. Using the values given ($156,000, $62,400), apply the appropriate formula..
Related North Carolina Real Estate Math Questions
- A NC investor buys a rental property for $240,000 and receives $1,600/month rent. The annual gross rent multiplier (GRM) is:
- A 6-unit NC apartment building has a potential gross income of $84,000/year. Vacancy is 8%, operating expenses are $28,000. What is the NOI?
- A property in NC has a capitalization rate of 8.5% and an NOI of $68,000. The estimated value is:
- A property in Wilmington, NC has a 7% cap rate and generates an NOI of $42,000. What is the estimated value?
- Using the 28% front-end ratio, a buyer with a gross monthly income of $7,500 can qualify for a maximum monthly housing payment (PITI) of:
- A NC investor purchases a property for $500,000 and expects it to appreciate 4% per year. What would the estimated value be after 2 years?
- A building in Wilmington, NC has a replacement cost of $420,000 and has depreciated 25%. The lot is worth $85,000. What is the indicated value via the cost approach?
- A lot measuring 150 feet by 200 feet is listed for $3 per square foot. The total listing price is:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →