Real Estate Math
A 6-unit building in Oklahoma City has an average rent of $925/month per unit. At 93% occupancy, what is the annual EGI?
A$61,938✓ Correct
B$63,126
C$66,600
D$62,100
Explanation
Annual PGI = 6 units x $925 x 12 = $66,600. EGI = $66,600 x 93% = $66,600 x 0.
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