Real Estate Math
A South Dakota commercial building has 10 units each renting for $1,100/month. Vacancy is 10%. What is the annual effective gross income?
A$99,000
B$118,800✓ Correct
C$108,900
D$132,000
Explanation
Potential Gross Income = 10 × $1,100 × 12 = $132,000. Vacancy = $132,000 × 10% = $13,200.
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