Real Estate Math
A Texas rental property generates $2,400/month rent. Annual taxes are $4,800, insurance is $1,200, maintenance is $2,400, management is $2,160, and vacancy is $1,440. What is the NOI?
A$16,800✓ Correct
B$17,400
C$17,000
D$18,000
Explanation
Annual gross rent = $2,400 × 12 = $28,800. Total expenses = $4,800 + $1,200 + $2,400 + $2,160 + $1,440 = $12,000. NOI = $28,800 − $12,000 = $16,800.
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