Real Estate Math
A Dayton-area investor purchases a 4-unit building. Each unit rents for $800/month. At 95% occupancy, what is the annual effective gross income?
A$36,480✓ Correct
B$38,400
C$39,000
D$40,320
Explanation
Annual gross income = 4 units × $800 × 12 = $38,400. Vacancy = $38,400 × 5% = $1,920.
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