Real Estate Math
A property owner earns $2,800 per month in rent. The annual property taxes are $4,200, insurance is $900, and maintenance averages $2,100 annually. What is the annual NOI?
A$26,400✓ Correct
B$26,000
C$25,800
D$25,400
Explanation
Annual rent: $2,800 × 12 = $33,600. Annual expenses: $4,200 + $900 + $2,100 = $7,200. NOI = $33,600 − $7,200 = $26,400.
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