Real Estate Math
A rental property generates $3,600 per month in gross rent. Operating expenses are 40% of gross income. What is the annual NOI?
A$25,920✓ Correct
B$17,280
C$43,200
D$21,600
Explanation
Annual Gross Income = $3,600 × 12 = $43,200. Operating expenses = $43,200 × 40% = $17,280.
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