Real Estate Math
A 3-unit Pennsylvania property generates $3,600/month total rent (all units). Operating expenses are 35% of gross income. What is the monthly NOI?
A$1,260
B$28,080✓ Correct
C$3,600
D$1,440
Explanation
Monthly expenses = $3,600 × 35% = $1,260. Monthly NOI = $3,600 − $1,260 = $2,340.
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