given number of units = 30
rent per unit per month = 1000
Annual Total PGI = 12 *30 * 1000 = 360000
Loss = 360,000 * 10% = 36,000
EGI = PGI - Loss + Miscellaneous income
= 360,000 - 36,000 + 5000
= 329,000
Opearting expenses = 329,000 * 20% = 65,800
CAPX = 329,000 * 10% = 32,900
Net Operating income= EGI - Operating expenses - CAPX
Net operating Income = 329,000 - 65,800 - 32,900
= $230,300
Third Option is correct
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