Real Estate Math
A property is valued at $520,000 using an 8% cap rate. What is the annual NOI?
A$38,400
B$41,600✓ Correct
C$46,800
D$52,000
Explanation
NOI = Value × Cap Rate = $520,000 × 8% = $41,600. To solve this, multiply the relevant values: $520,000 at 8%..
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