Real Estate Math
A North Dakota duplex generates $1,650/month per unit. Annual expenses are $14,400. Annual NOI is:
A$25,200✓ Correct
B$39,600
C$14,400
D$11,400
Explanation
Annual gross rent = 2 units × $1,650 × 12 = $39,600. NOI = Annual gross rent - Annual expenses = $39,600 - $14,400 = $25,200.
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