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The building opposite your apartment has come available for sale and you estimate that it...

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Accounting

The building opposite your apartment has come available for sale and you estimate that it would generate a gross potential income of $350,000 per year along with 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

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