Real Estate Math
A Burlington rental property has monthly gross rents of $3,500. Annual operating expenses are $18,000. What is the annual NOI?
A$24,000✓ Correct
B$42,000
C$20,400
D$18,000
Explanation
Annual Gross Rent = $3,500 x 12 = $42,000. NOI = $42,000 - $18,000 = $24,000.
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