Real Estate Math
A Wyoming property's effective gross income is $120,000, operating expenses are $72,000, and the mortgage payment is $30,000. What is the net operating income?
A$18,000
B$48,000✓ Correct
C$90,000
D$120,000
Explanation
NOI = Effective Gross Income - Operating Expenses (excluding debt service). NOI = $120,000 - $72,000 = $48,000.
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