Real Estate Math
An investor buys a Colorado apartment building for $1,200,000, puts 25% down, and finances the rest. What is the loan amount?
A$300,000
B$800,000
C$900,000✓ Correct
D$1,000,000
Explanation
Down payment = $1,200,000 × 25% = $300,000. Loan amount = $1,200,000 − $300,000 = $900,000.
Related Colorado Real Estate Math Questions
- A 20,000 square-foot commercial building rents for $18.50 per square foot annually (NNN). What is the annual base rent?
- A Colorado 10-unit apartment building sells for $1,500,000. Annual gross rents are $168,000 with a 5% vacancy rate and operating expenses of $60,000. What is the cap rate at the sale price?
- A Colorado homeowner's property tax increased from $3,800 to $4,100. What is the percentage increase in property taxes?
- A Colorado buyer purchases land for $120,000. They make $80,000 in improvements to build a home. The total assessed value for tax purposes is $200,000 × 7.15% = $14,300. With a 65-mill levy, what is the annual property tax?
- A Colorado property sold for $395,000. The buyer paid 3.5% down and financed the rest. How much did the buyer borrow?
- A Colorado broker earns a 5% commission on a $780,000 sale. Their split with the employing broker is 55% to the associate and 45% to the office. How much does the associate earn?
- 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 property is sold for $525,000 with a 5.5% commission. The listing broker and buyer's broker split the commission 50/50. The listing associate receives 60% of their office's share. How much does the listing associate earn?
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →