Real Estate Math
A duplex in Oklahoma City has 2 units each renting for $1,150/month. If the monthly expenses are $850 and vacancy is 5%, what is the annual NOI?
A$16,020✓ Correct
B$24,510
C$22,140
D$25,400
Explanation
Monthly gross = $1,150 x 2 = $2,300. Annual gross = $2,300 x 12 = $27,600.
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