Real Estate Math
A South Dakota commercial property generates $7,500/month in rent. Annual expenses are $36,000. What is the annual NOI?
A$54,000✓ Correct
B$45,900
C$36,000
D$18,000
Explanation
Annual gross rent = $7,500 × 12 = $90,000. NOI = $90,000 − $36,000 = $54,000.
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