Real Estate Math
A Wyoming commercial property's EGI is $180,000. Operating expenses are $72,000 and annual debt service is $60,000. What is the annual cash flow after debt service?
A$48,000✓ Correct
B$60,000
C$108,000
D$120,000
Explanation
NOI = EGI - Operating Expenses = $180,000 - $72,000 = $108,000. Cash flow after debt service = NOI - Debt Service = $108,000 - $60,000 = $48,000.
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