Real Estate Math
A Wisconsin investor buys a duplex for $220,000. Each unit rents for $900/month. The annual operating expenses are $9,600. What is the annual net operating income (NOI)?
A$9,000
B$11,600
C$12,000✓ Correct
D$21,600
Explanation
Annual gross income = 2 units × $900 × 12 months = $21,600. NOI = $21,600 − $9,600 = $12,000. Using the values given ($220,000, $900), apply the appropriate formula.. The correct answer is $12,000.. This is a common calculation on the Wisconsin real estate exam.
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