Real Estate Math
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?
A23.5%
B30.8%✓ Correct
C33.3%
D76.5%
Explanation
Gain = $510,000 − $390,000 = $120,000. Percentage gain = ($120,000 ÷ $390,000) × 100 = 30.77%, approximately 30.8%.
Related Connecticut Real Estate Math Questions
- A Connecticut commercial property sells for $1,800,000. The conveyance tax rate is 0.75% on the first $800,000 and 1.25% on the amount above $800,000. What is the total conveyance tax?
- A Connecticut property is assessed at 70% of its market value. If the assessed value is $210,000, what is the market value?
- An agent earns 3% of sales price on a buyer side deal. The home sells for $467,500. How much does the agent earn?
- A Connecticut investment property generates monthly rents of $3,500. Using a GRM of 130, what is the estimated value?
- A Connecticut seller accepts an offer of $395,000. The existing mortgage payoff is $218,000 and the commission is 5.5%. Closing costs total $3,200. What are the seller's net proceeds?
- A Connecticut apartment building has 8 units each renting for $1,800/month. The vacancy rate is 8.33% (1 unit vacant). What is the effective gross income per month?
- A commercial property in Connecticut has an NOI of $60,000. If the cap rate is 8%, what is the property value?
- A buyer puts 20% down on a $480,000 home. What is the mortgage amount?
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →