Real Estate Math
A Wisconsin commercial building has an annual gross income of $180,000, a 10% vacancy allowance, and $65,000 in operating expenses. What is the NOI?
A$95,000
B$97,000✓ Correct
C$99,000
D$101,000
Explanation
Vacancy = $180,000 × 10% = $18,000. EGI = $162,000. NOI = $162,000 - $65,000 = $97,000. To solve this, multiply the relevant values: $180,000, and $65,000 at 10%.. The correct answer is $97,000.. This is a common calculation on the Wisconsin real estate exam.
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