Real Estate Math
A rental property in South Carolina has a potential gross income of $45,000/year. With a 6% vacancy and $16,200 operating expenses, what is the NOI?
A$25,500
B$26,100✓ Correct
C$28,800
D$42,300
Explanation
Vacancy = $45,000 × 6% = $2,700. EGI = $45,000 − $2,700 = $42,300. NOI = $42,300 − $16,200 = $26,100.
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