Question: A property generates $ 1 3 9 , 0 0 8 in annual rent and has operating expenses of $ 5 6 , 5 8

A property generates $139,008 in annual rent and has operating expenses of $56,584 with a vacancy rate of 6%. Calculate the Net Operating Income (NOI) for Year 6, assuming rent increases by 4% per year and expenses increase by 4% per year.

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