Real Estate Math
A West Virginia property has a monthly gross rent of $2,200 and operating expenses totaling $850 per month. What is the annual NOI?
A$12,600
B$15,600
C$26,400
D$16,200✓ Correct
Explanation
Monthly NOI = $2,200 - $850 = $1,350. Annual NOI = $1,350 x 12 = $16,200. Correct answer is $16,200.
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