Real Estate Math
A South Dakota property earns $2,200/month gross rent. Operating expenses are $12,000/year. What is the annual NOI?
A$14,400✓ Correct
B$26,400
C$12,240
D$2,400
Explanation
Annual gross rent = $2,200 × 12 = $26,400. NOI = $26,400 − $12,000 = $14,400.
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