Real Estate Math
A Virginia leased property generates $5,000/month in rent. The NNN expenses are $1,500/month. What is the annual NOI?
A$42,000✓ Correct
B$60,000
C$35,700
D$50,000
Explanation
Monthly NOI = $5,000 – $1,500 = $3,500. Annual NOI = $3,500 × 12 = $42,000. Using the values given ($5,000, $1,500), apply the appropriate formula.. The correct answer is $42,000.. This is a common calculation on the Virginia real estate exam.
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