Real Estate Math
A Wyoming property manager's operating budget shows monthly expenses of $4,200 and monthly income of $5,800. What is the annual net operating income before debt service?
A$1,600
B$19,200✓ Correct
C$50,400
D$69,600
Explanation
Monthly NOI = $5,800 - $4,200 = $1,600. Annual NOI = $1,600 x 12 = $19,200.
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