Real Estate Math
A Vermont commercial property generates annual gross rents of $96,000. Operating expenses total $36,000. What is the NOI?
A$60,000✓ Correct
B$72,000
C$96,000
D$48,000
Explanation
NOI = Gross Rents - Operating Expenses = $96,000 - $36,000 = $60,000. Using the values given ($96,000, $36,000), apply the appropriate formula..
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