Real Estate Math
A Tennessee commercial property has a gross income of $95,000, vacancy loss of $9,500, and operating expenses of $32,000. What is the NOI?
A$53,500✓ Correct
B$63,000
C$55,000
D$85,500
Explanation
EGI = $95,000 − $9,500 = $85,500. NOI = $85,500 − $32,000 = $53,500.
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