Real Estate Math
A Connecticut property owner bought a building for $300,000 and made $45,000 in improvements. After 5 years, they sold it for $415,000. What was the total return on investment?
A20%
B22.5%
C27.5%
D38.3%✓ Correct
Explanation
Total investment = $300,000 + $45,000 = $345,000. Profit = $415,000 − $345,000 = $70,000.
Related Connecticut Real Estate Math Questions
- A Connecticut property investor wants a 9% return on their $150,000 cash investment. What minimum annual NOI is required?
- A buyer wants to put down 25% on a $520,000 house. How much is the down payment?
- An investment property has an NOI of $42,000 and a cap rate of 5.25%. What is the estimated value?
- A Connecticut buyer obtains a $200,000 mortgage at 7.5% for 30 years with a monthly payment of $1,398.43. How much of the FIRST payment goes to principal?
- A Connecticut seller nets $280,000 after paying a 5% commission. What was the selling price?
- A Connecticut investment property generates monthly rents of $3,500. Using a GRM of 130, what is the estimated value?
- A property sells for $510,000. The seller paid $390,000 three years ago. What is the seller's percentage gain on the original purchase price?
- A borrower takes out a $320,000 mortgage at 6.5% annual interest. What is the monthly interest for the first payment?
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →