Real Estate Math
A Texas property generates $7,500/month rent. The operating expense ratio is 42%. What is the monthly NOI?
A$3,150
B$4,350✓ Correct
C$4,200
D$5,250
Explanation
Monthly operating expenses = $7,500 × 0.42 = $3,150. Monthly NOI = $7,500 − $3,150 = $4,350.
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