Real Estate Math
A property generates monthly rental income of $3,200. Annual operating expenses are $12,500. What is the annual NOI?
A$25,900✓ Correct
B$26,200
C$26,500
D$38,400
Explanation
Annual gross income = $3,200 x 12 = $38,400. NOI = $38,400 - $12,500 = $25,900.
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