Real Estate Math
A property was purchased for $270,000 and sold 4 years later for $337,500. What was the annual appreciation rate (simple, not compounded)?
A5%
B5.5%
C6.25%✓ Correct
D7%
Explanation
Total appreciation = $337,500 − $270,000 = $67,500. Total % = $67,500 ÷ $270,000 = 25%.
Related Connecticut Real Estate Math Questions
- A Connecticut buyer takes out a $350,000 mortgage at 6.5% for 30 years. Using a payment factor of $6.32 per $1,000, the monthly P&I payment is approximately:
- A Connecticut property generates annual net income of $38,500 after all expenses. At a market cap rate of 7.7%, what is the property's estimated value?
- A Connecticut apartment building has 12 units. 10 units rent for $1,600/month and 2 units rent for $1,850/month. The vacancy rate is 8%. Annual operating expenses are $52,000. What is the NOI?
- 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 property management company manages 15 properties. The total monthly rents collected are $62,500. The management fee is 7% of collected rents. What is the monthly management fee?
- 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 needs to take out a loan for 80% of the purchase price. The purchase price is $472,500. What is the required down payment?
- A Connecticut property's taxes are $8,730/year. The assessment is $291,000 at a ratio of 70%. What is the market value and mill rate?
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →