Real Estate Math
A West Virginia commercial property has 5,000 sq ft. Annual rent is $15 per sq ft. Vacancy is 10%. What is the effective gross income?
A$67,500✓ Correct
B$75,000
C$60,000
D$72,000
Explanation
Potential gross income = 5,000 x $15 = $75,000. EGI = $75,000 x (1 - 0.
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