Question 9 of 20
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A property was purchased for $389,000 and has annual operating expenses of $18,400. If the gross annual rent is $42,000, what is the Net Operating Income?
RE 4401 -- Real Estate Math -- Self-paced
$42,000
$23,600
$18,400
$389,000
Correct! Nice work!
NOI = Gross Rent - Operating Expenses = $42,000 - $18,400 = $23,600. NOI does NOT include mortgage payments -- only operating costs like insurance, taxes, maintenance, and management fees.
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