Real Estate Math
A South Dakota rental property generates $1,800/month rent. Operating expenses are $800/month. What is the annual NOI?
A$9,600
B$12,000✓ Correct
C$21,600
D$1,000
Explanation
Monthly NOI = $1,800 − $800 = $1,000. Annual NOI = $1,000 × 12 = $12,000. Using the values given ($1,800, $800), apply the appropriate formula.. The correct answer is $12,000.. This is a common calculation on the South Dakota real estate exam.
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