Real Estate Math
A property has annual gross income of $84,000, vacancy/credit loss of 5%, and operating expenses of $31,500. What is the NOI?
A$48,300✓ Correct
B$52,500
C$84,000
D$47,700
Explanation
EGI = $84,000 x (1 - 0.05) = $84,000 x 0.95 = $79,800. NOI = EGI - Operating Expenses = $79,800 - $31,500 = $48,300.
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