Finance
A South Dakota property has a potential gross income of $60,000, vacancy and credit losses of $3,000, and operating expenses of $22,000. What is the net operating income (NOI)?
A$35,000✓ Correct
B$38,000
C$57,000
D$60,000
Explanation
Effective Gross Income = $60,000 − $3,000 = $57,000. NOI = $57,000 − $22,000 = $35,000.
Related South Dakota Finance Questions
- In South Dakota, what is 'subordination' in mortgage lending?
- In South Dakota, a 'wrap-around mortgage' (or 'all-inclusive trust deed') is typically used in:
- In South Dakota real estate transactions, an 'adjustable-rate mortgage' (ARM) typically features:
- In South Dakota, a 'commitment letter' from a lender means:
- In South Dakota, a 'jumbo loan' exceeds which threshold?
- In South Dakota, the 'Ability-to-Repay' (ATR) rule under Dodd-Frank requires lenders to:
- Private Mortgage Insurance (PMI) is typically required in South Dakota when the buyer's down payment is:
- In South Dakota, a 'loan modification' differs from a 'refinance' in that a loan modification:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →