Real Estate Math
A Rhode Island investment property generates annual gross rents of $48,000. Operating expenses are $18,000 and vacancy is 5%. What is the NOI?
A$27,600✓ Correct
B$28,400
C$29,600
D$30,000
Explanation
EGI = $48,000 x (1 - 0.05) = $48,000 x 0.
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