Real Estate Math
A Connecticut rental property has 8 units renting for $1,450/month each. The vacancy rate is 7%. Annual operating expenses are $44,000. What is the NOI?
A$85,456✓ Correct
B$91,680
C$83,680
D$92,560
Explanation
Annual PGI = 8 × $1,450 × 12 = $139,200. EGI = $139,200 × (1 - 0.
Related Connecticut Real Estate Math Questions
- A Connecticut property is purchased for $440,000. The annual appreciation rate is 5%. What is the expected value after 3 years?
- A Connecticut investment property has an annual NOI of $55,000. Comparable properties sell at a 7.5% cap rate. What is the estimated value?
- A Connecticut buyer purchases a condo for $385,000 with a 15% down payment. PMI is 0.65% of the loan amount annually. What is the monthly PMI premium?
- A Connecticut seller agrees to pay 5.5% commission on a sale of $598,000. The listing broker and selling broker split the commission 50/50. The selling salesperson receives 60% of the selling office's commission. What does the selling salesperson earn?
- A property has a monthly gross rent of $3,800 and sells for $570,000. What is the gross rent multiplier?
- A Connecticut broker sold 8 properties in a year with an average sale price of $485,000. The broker earned an average commission rate of 2.8% per side. What was the broker's total gross commission income?
- A property sells for $720,000. The state conveyance tax is 0.75% on the first $800,000. What is the conveyance tax?
- 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?
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →