Real Estate Math
An investor wants a 9% return on a $1,200,000 investment in a commercial property. What is the minimum annual NOI required?
A$108,000✓ Correct
B$133,333
C$90,000
D$120,000
Explanation
Required NOI = Investment × Required return = $1,200,000 × 9% = $108,000. To solve this, multiply the relevant values: $1,200,000 at 9%..
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