Real Estate Math
An investment property generates $36,000 in annual gross rents. Vacancies and credit losses are 8%. What is the effective gross income?
A$28,800
B$33,120✓ Correct
C$36,000
D$38,880
Explanation
Vacancy loss = $36,000 × 0.08 = $2,880.
Related Connecticut Real Estate Math Questions
- A Connecticut seller paid $285,000 for a home and sold it for $342,000. After paying a 6% commission, what was the seller's gain net of commission?
- A property's assessed value increased from $280,000 to $308,000. What is the percentage increase in assessed value?
- A rectangular lot in Connecticut measures 150 feet by 200 feet. What is the lot's area in acres? (1 acre = 43,560 sq ft)
- A commercial property generates $120,000 NOI. An investor requires a 6% cap rate. What is the maximum price the investor should pay?
- A buyer purchases a Connecticut property for $325,000 and puts 20% down. What is the loan amount?
- A property has a gross monthly rent of $2,400. If the GRM is 160, what is the estimated value?
- A Connecticut seller nets $280,000 after paying a 5% commission. What was the selling price?
- A sales associate receives 55% of the commission earned by their broker. The total commission on a $500,000 sale at 5% is $25,000. How much does the sales associate earn?
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →