Real Estate Math
A commercial property has a gross annual income of $120,000, vacancy loss of 5%, and operating expenses of $40,000. What is the net operating income (NOI)?
A$74,000✓ Correct
B$76,000
C$80,000
D$114,000
Explanation
Effective gross income (EGI): $120,000 × (1 − 0.05) = $120,000 × 0.
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