Real Estate Math
A Wisconsin investor wants a 9% return on a $400,000 investment property. What minimum annual NOI is required?
A$32,000
B$36,000✓ Correct
C$40,000
D$44,000
Explanation
Required NOI = Value × Cap Rate = $400,000 × 9% = $36,000. To solve this, multiply the relevant values: $400,000 at 9%..
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