Real Estate Math
A Wyoming property has a potential gross income of $150,000/year. Vacancy is 6% and operating expenses are 40% of EGI. What is the NOI?
A$54,000
B$84,600✓ Correct
C$85,260
D$90,000
Explanation
EGI = $150,000 x (1 - 0.06) = $150,000 x 0.94 = $141,000. Operating expenses = $141,000 x 40% = $56,400. NOI = $141,000 - $56,400 = $84,600.
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