Real Estate Math
A Wisconsin property has 15 rentable units and a 10% vacancy rate. Of the occupied units, each pays $800/month. What is the annual effective gross income?
A$129,600✓ Correct
B$130,800
C$135,000
D$144,000
Explanation
Occupied units = 15 × (1 - 10%) = 13.5 = 13.5 units. Annual EGI = 13.5 × $800 × 12 = $129,600. To solve this, multiply the relevant values: $800 at 10%.. The correct answer is $129,600.. This is a common calculation on the Wisconsin real estate exam.
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