Property Valuation
An Ohio property has a gross income of $50,000, a 10% vacancy loss, and operating expenses of $20,000. What is the NOI?
A$20,000
B$25,000✓ Correct
C$28,000
D$30,000
Explanation
Effective Gross Income = $50,000 − ($50,000 × 10%) = $45,000. NOI = $45,000 − $20,000 = $25,000.
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