Real Estate Math
A Virginia property has a gross income of $60,000, vacancy loss of 6%, and operating expenses of $20,000. What is the net operating income?
A$36,400✓ Correct
B$40,000
C$43,200
D$56,400
Explanation
EGI = $60,000 − ($60,000 × 6%) = $60,000 − $3,600 = $56,400. NOI = EGI − Operating Expenses = $56,400 − $20,000 = $36,400.
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