A low-rise apartment building in your town has come available for sale and you estimate that it would generate a gross potential income of $350,000 per year and would have operating costs of $300,000 per year. What is the NOI for this property if the vacancy rate is expected to be 12%?
A)$8,000
B)$50,000
C)$80,000
D)$80,888
E)$88,800

Question

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The Answer of A low-rise apartment building in your town has come available for sale and you estimate that it would generate a gross potential income of $350,000 per year and would have operating costs of $300,000 per year. What is the NOI for this property if the vacancy rate is expected to be 12%?
A)$8,000
B)$50,000
C)$80,000
D)$80,888
E)$88,800

A Low-Rise Apartment Building in Your Town Has Come Available