Real Estate Math
A Wisconsin rental property generates gross income of $96,000, has a 6% vacancy, and operating expenses of $38,000. What is the NOI?
A$50,240
B$52,240✓ Correct
C$54,240
D$56,240
Explanation
Vacancy = $96,000 × 6% = $5,760. EGI = $96,000 - $5,760 = $90,240.
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