Real Estate Math
A 5-unit apartment building in Harrisburg generates $85,200 annual gross rent with 3% vacancy and $28,000 operating expenses. Calculate the NOI.
A$54,644✓ Correct
B$55,544
C$57,200
D$53,400
Explanation
EGI = $85,200 × (1 − 0.03) = $85,200 × 0.
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