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Sagot :
The effective gross income is $30,000
Net Operating Pay is for those in real estate utilize to rapidly calculate the profitability of a specific investment. NOI decides the income and profitability of contributed real estate property after subtracting vital operating expenses. the equation is:
Net Operating Income = (Gross Operating Income + Other Wage) - Operating Expenses. whereas Effective net income (EGI) is the Potential Net Rental Income additionally other income minus vacancy and credit costs of a rental property.
therfore, $150,000 × .08 cap rate = 12000
=>gross income = 12000 ÷ 0.40 = $30,000
To know more about gross income refer to the link https://brainly.com/question/547727?referrer=searchResults.
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