Real Estate Math
A Wisconsin property generates $85,000 in gross annual rent. Operating expenses are 45% of gross income. Vacancy is 5%. What is the NOI?
A$43,375
B$44,200✓ Correct
C$44,350
D$45,500
Explanation
Vacancy = $85,000 × 5% = $4,250. EGI = $80,750. Operating expenses = $80,750 × 45% = $36,338. NOI = $80,750 - $36,338 = $44,412. Closest: $43,375.
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