Real Estate Math
A Wisconsin rental property has gross rents of $36,000/year and a vacancy rate of 5%. What is the effective gross income?
A$31,200
B$34,200✓ Correct
C$35,820
D$36,000
Explanation
Vacancy = $36,000 × 5% = $1,800. Effective Gross Income = $36,000 - $1,800 = $34,200.
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