Unit 24: Real Estate Mathematics Flashcards
1
Q
Frontage
A
The length of a property along a street or waterfront.
2
Q
Interest
A
A charge made by a lender for the use of money.
3
Q
Net Operating Income (NOI)
A
The income projected for an income-producing property after deducting losses for vacancy, collection, and operating expenses.
4
Q
Perimeter
A
The length of an area’s outer boundary.
