Real Estate Math
A buyer's loan-to-value ratio is 80% on a $450,000 purchase. What is the required down payment?
A$72,000
B$80,000
C$90,000✓ Correct
D$100,000
Explanation
LTV = 80% means the loan is 80% of value. Down payment = 20% × $450,000 = $90,000.
Related Delaware Real Estate Math Questions
- A Delaware tenant pays $2,000/month rent. The landlord raises rent by 4%. What is the new monthly rent?
- A Delaware building has 12,000 square feet of rentable space. It is 85% occupied. How many square feet are occupied?
- A Delaware property generates $3,200 per month in rent. The mortgage payment (P&I) is $1,800/month, property taxes are $250/month, insurance is $100/month, and maintenance averages $200/month. What is the monthly cash flow?
- An appraiser uses the cost approach on a 15-year-old building with a 45-year economic life. The reproduction cost new is $450,000. What is the depreciated value of the improvements?
- A Delaware seller's asking price is $345,000. The property has been on the market 60 days and the seller agrees to reduce the price by 4%. What is the new asking price?
- A 6-unit apartment building grosses $7,200 per month in rent. Annual operating expenses total $28,800. What is the annual net operating income?
- A Delaware investor receives a 9% annual return on a $350,000 investment property. What is the annual income?
- A Delaware buyer obtains a 90% LTV loan on a $280,000 property. What is the down payment required?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →