Real Estate Math
A Colorado commercial tenant occupies 2,000 sq ft in a 10,000 sq ft building. Under a net lease, they pay their pro-rata share of property taxes of $25,000/year. What is the tenant's annual tax contribution?
A$2,500
B$5,000✓ Correct
C$7,500
D$10,000
Explanation
Tenant's pro-rata share = 2,000 / 10,000 = 20%. Annual tax contribution = $25,000 × 20% = $5,000.
Related Colorado Real Estate Math Questions
- A Colorado broker sells a property for $625,000 and receives a 2.5% buyer's agent commission. What is the broker's commission?
- A buyer purchases a property for $560,000 and sells it 3 years later for $672,000. What is the percentage increase in value?
- A Colorado property generates monthly gross rent of $3,500. Using a gross rent multiplier (GRM) of 140, what is the indicated market value?
- A Colorado homeowner makes extra principal payments of $200/month on their 30-year, $350,000 mortgage. Approximately how much sooner will they pay off the loan compared to making regular payments only? (Assume the extra payments reduce the term significantly.)
- A Colorado investor is considering a property with a $750,000 purchase price, $65,000 NOI, and $45,000 annual debt service. What is the debt coverage ratio (DCR)?
- A Colorado seller's net sheet shows: sale price $485,000, commission 5.5%, mortgage payoff $195,000, prorated taxes $1,200, other closing costs $2,800. What are the net proceeds?
- A Colorado property has an NOI of $55,000 and sold at a 7.5% cap rate. What was the purchase price?
- A Colorado seller's closing costs include: 6% commission ($33,600), title insurance ($1,200), attorney fee ($500), prorated taxes ($800). What are the total closing costs?
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →