Real Estate Math
A Connecticut property is purchased for $440,000. The annual appreciation rate is 5%. What is the expected value after 3 years?
A$509,355✓ Correct
B$506,000
C$510,225
D$513,000
Explanation
Year 1: $440,000 × 1.05 = $462,000.
Related Connecticut Real Estate Math Questions
- A Connecticut home buyer is approved for a maximum monthly payment of $2,800 (PITI). Taxes are $425/month and insurance is $125/month. What is the maximum P&I payment available for the mortgage?
- A Connecticut broker charges a 5% commission on a sale. The property sells for $380,000. What is the total commission?
- A Connecticut home is listed at $425,000. The seller accepts an offer of 96% of list price. What is the accepted offer price?
- A property has net operating income of $54,000 and a value of $675,000. What is the capitalization rate?
- A Connecticut property is listed at $425,000. The seller agrees to pay a 5.5% commission. What is the total commission paid at closing?
- A Connecticut seller nets $280,000 after paying a 5% commission. What was the selling price?
- A Connecticut property sold for $590,000. The buyer's agent earned 2.5% of the sales price. What was the buyer's agent's commission?
- An investment property generates $36,000 in annual gross rents. Vacancies and credit losses are 8%. What is the effective gross income?
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →