Real Estate Math
A Utah investment property has an annual gross rental income of $42,000. The vacancy rate is 5% and operating expenses total $16,000. What is the net operating income (NOI)?
A$23,900✓ Correct
B$26,000
C$23,000
D$24,800
Explanation
EGI = $42,000 × (1 − 0.05) = $42,000 × 0.
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