Real Estate Math
A Virginia rental property mortgage payment is $1,500/month. NOI (after all operating expenses) is $2,200/month. What is the monthly cash flow?
A$500
B$700✓ Correct
C$3,700
D$1,000
Explanation
Cash flow = NOI – Debt Service = $2,200 – $1,500 = $700/month. Using the values given ($1,500, $2,200), apply the appropriate formula..
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