Real Estate Math
A Wisconsin investor purchases a 4-unit property. Each unit rents for $1,100/month. The vacancy rate is 5%. Annual operating expenses are $14,000. What is the NOI?
A$36,280✓ Correct
B$38,280
C$38,800
D$52,800
Explanation
Gross income = 4 × $1,100 × 12 = $52,800. Effective gross income = $52,800 × 0.
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