Real Estate Math
A property's annual gross income is $60,000 and the owner pays 40% in operating expenses. What is the annual NOI?
A$24,000
B$36,000✓ Correct
C$40,000
D$48,000
Explanation
Operating expenses = $60,000 × 40% = $24,000. NOI = $60,000 − $24,000 = $36,000. To solve this, multiply the relevant values: $60,000 at 40%.. The correct answer is $36,000.. This is a common calculation on the Ohio real estate exam.
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