Real Estate Math
An Oregon property has a monthly gross income of $6,500. Annual operating expenses are $31,200. What is the annual NOI?
A$46,800✓ Correct
B$47,800
C$15,600
D$78,000
Explanation
Annual gross income = $6,500 × 12 = $78,000. NOI = $78,000 − $31,200 = $46,800.
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