Real Estate Math
A South Carolina investor needs a 9% return on a $550,000 investment. What annual NOI is required?
A$42,500
B$49,500✓ Correct
C$55,000
D$61,000
Explanation
Required NOI = Investment × Required Cap Rate = $550,000 × 9% = $550,000 × 0.09 = $49,500.
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