Real Estate Math
A North Dakota commercial property has a potential annual income of $180,000, a 10% vacancy rate, and expenses of $54,000. What is the NOI?
A$108,000✓ Correct
B$114,000
C$120,000
D$126,000
Explanation
EGI = $180,000 × (1 − 10%) = $162,000. NOI = $162,000 − $54,000 = $108,000.
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