Real Estate Math
A property has a potential gross income of $60,000, vacancy loss of 7%, and operating expenses of $20,000. What is the NOI?
A$35,700
B$35,800✓ Correct
C$36,200
D$40,000
Explanation
EGI = $60,000 × (1 − 0.07) = $60,000 × 0.
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