Real Estate Math
A Virginia property has a potential gross income of $85,000, vacancy loss of 8%, and operating expenses equal to 35% of EGI. What is the NOI?
A$47,632
B$50,830✓ Correct
C$55,250
D$78,200
Explanation
EGI = $85,000 × (1 − 0.08) = $85,000 × 0.92 = $78,200. Operating expenses = $78,200 × 35% = $27,370. NOI = $78,200 − $27,370 = $50,830.
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