Real Estate Math
A property has monthly gross income of $8,500. Annual operating expenses total $48,000. What is the annual NOI assuming no vacancy?
A$54,000✓ Correct
B$102,000
C$45,900
D$150,000
Explanation
Annual gross income = $8,500 x 12 = $102,000. NOI = $102,000 - $48,000 = $54,000.
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