Real Estate Math
A Utah triplex generates $3,600/month in gross rents. Annual operating expenses are $15,000 with 5% vacancy. What is the annual NOI?
A$25,040✓ Correct
B$27,000
C$28,100
D$30,600
Explanation
Annual gross = $3,600 × 12 = $43,200. EGI = $43,200 × 0.
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