Real Estate Math
A Utah duplex earns $24,000/year in rents. Operating expenses are $9,600. The owner has a $120,000 mortgage at 6% annual interest (interest only). What is the cash flow after interest?
A$7,200✓ Correct
B$14,400
C$4,800
D$6,400
Explanation
NOI = $24,000 − $9,600 = $14,400. Annual interest = $120,000 × 0.
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