Real Estate Math
A Vermont rental property generates $54,000 annual gross rent. Operating expenses are $19,440 (36%). What is the NOI?
A$28,000
B$34,560✓ Correct
C$36,000
D$40,000
Explanation
Operating expenses = 36% x $54,000 = $19,440. NOI = $54,000 - $19,440 = $34,560. To solve this, multiply the relevant values: $54,000 and $19,440 at 36%.. The correct answer is $34,560.. This is a common calculation on the Vermont real estate exam.
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