Property Valuation
A Wisconsin property has an income of $90,000 annually with a vacancy rate of 8% and operating expenses of $35,000. What is the NOI?
A$47,800✓ Correct
B$48,800
C$49,800
D$50,800
Explanation
EGI = $90,000 × (1 - 0.08) = $82,800.
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