Real Estate Math
A rectangular lot measures 150 feet wide by 200 feet deep. What is the area in square feet?
A700 sq ft
B30,000 sq ft✓ Correct
C35,000 sq ft
D15,000 sq ft
Explanation
Area = Width × Depth = 150 ft × 200 ft = 30,000 sq ft.
Related California Real Estate Math Questions
- A borrower takes out a $300,000 mortgage at 6% annual interest. What is the first month's interest payment?
- Under California's Proposition 13, the assessed value of a property may increase by a maximum of how much per year (absent a change in ownership)?
- A commercial property generates $15,000/month in gross rent. Vacancy is 8%, and operating expenses are $70,000/year. What is the annual NOI?
- A property management company charges 8% of collected rents. The monthly rent roll is $28,500 and vacancy is 10%. What is the monthly management fee?
- A borrower makes 360 monthly payments of $1,200. The original loan was $180,000. How much total interest was paid?
- A buyer puts 20% down on a $500,000 home. What is the loan amount?
- Property taxes of $3,600 are paid for the full year. The property sells with a closing date of April 1 (day 91 of 365). How much does the seller owe the buyer in prorated taxes? (Use 365-day year)
- A property has annual expenses of $18,000 and an NOI of $42,000. What is the gross income if the vacancy rate is 5%?
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →