Real Estate Math
A Washington commercial building has an annual gross income of $240,000, vacancy and credit loss of 8%, and operating expenses of $85,000. What is the NOI?
A$120,000
B$134,800✓ Correct
C$136,000
D$155,000
Explanation
Effective Gross Income = $240,000 × (1 − 0.08) = $220,800.
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