Real Estate Math
A NC property generates $3,600/month gross rent with an 8% vacancy rate. Annual operating expenses are $14,400. What is the annual NOI?
A$28,384
B$25,344✓ Correct
C$28,800
D$27,792
Explanation
Annual gross = $3,600 x 12 = $43,200. EGI = $43,200 x 0.92 = $39,744. NOI = $39,744 - $14,400 = $25,344.08) = $39,744. NOI = $39,744 - $14,400 = $25,344.
Related North Carolina Real Estate Math Questions
- A commercial property in NC generates annual NOI of $120,000. Similar properties sell at a 6.5% cap rate. What is the estimated market 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 property has effective gross income of $120,000 and operating expenses of $48,000. The net operating income (NOI) is:
- A property rents for $2,200/month. Annual operating expenses are $8,400. What is the annual NOI (assuming no vacancy)?
- A buyer secures a 30-year fixed mortgage on a $350,000 NC home with 10% down at 7% annual interest. The loan amount is:
- An investment property in Greensboro has a potential gross income of $96,000, a 5% vacancy rate, and operating expenses of $32,000. What is the NOI?
- A North Carolina property sells for $460,000. The excise tax is $2 per $1,000. What is the total excise tax?
- A NC property manager receives $4,500/month in rents. At a 10% management fee, the monthly management fee 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 →