Real Estate Math
A property has an annual gross income of $96,000 with a 7% vacancy rate and operating expenses of $35,000. What is the NOI?
A$51,280
B$54,320✓ Correct
C$55,280
D$61,000
Explanation
Vacancy loss = $96,000 × 7% = $6,720. EGI = $96,000 − $6,720 = $89,280.
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