Real Estate Math
A Wisconsin investor wants a minimum 10% cap rate on a $375,000 property. What minimum annual NOI is required?
A$33,750
B$37,500✓ Correct
C$40,500
D$42,500
Explanation
Required NOI = $375,000 × 10% = $37,500. To solve this, multiply the relevant values: $375,000 at 10%..
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