Real Estate Math
An investor seeks a 10% return on a $900,000 North Dakota commercial property. What minimum annual NOI is required?
A$75,000
B$90,000✓ Correct
C$100,000
D$110,000
Explanation
Required NOI = Value × Required return = $900,000 × 10% = $90,000. To solve this, multiply the relevant values: $900,000 at 10%.. The correct answer is $90,000.. This is a common calculation on the North Dakota real estate exam.
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