You know the following about a property: Effective Gross Income (or Gross Operating Income): 531,000; Capital expenditures: 30,000; Depreciation: 60,000; Insurance (fire and liability): 13,000; Mortgage payments (aka debt service): 160,000; Mortgage interest paid 120,000; Property management: 15,000; Property taxes: 35,000; Repairs and maintenance: 19,000; Market capitalization rate: 8%; What is the property's net operating income? (hint: the key is to properly identify operating expenses)