Real Estate Math
A real estate investment property generates $3,600/month in rent. Annual operating expenses are $18,000. What is the annual NOI?
A$25,200✓ Correct
B$43,200
C$18,000
D$21,600
Explanation
Annual gross rent = $3,600 × 12 = $43,200. NOI = $43,200 − $18,000 = $25,200.
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