Real Estate Math
A Washington investor wants a 9% return on a $600,000 investment. What annual NOI is required?
A$48,000
B$54,000✓ Correct
C$60,000
D$66,000
Explanation
Required NOI = Investment × Desired Return = $600,000 × 9% = $54,000. To solve this, multiply the relevant values: $600,000 at 9%..
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