Real Estate Math
A South Carolina investor wants a 10% return on investment. They paid $385,000 for a property. What annual NOI is needed?
A$38,500✓ Correct
B$35,000
C$40,000
D$42,000
Explanation
Required NOI = Investment × Required Return = $385,000 × 10% = $38,500. To solve this, multiply the relevant values: $385,000 at 10%.. The correct answer is $38,500.. This is a common calculation on the South Carolina real estate exam.
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