Real Estate Math
An investment property in Delaware has a potential gross income of $96,000. The vacancy rate is 7.5% and operating expenses total $32,000. What is the net operating income?
A$56,800✓ Correct
B$56,000
C$55,800
D$57,200
Explanation
EGI = $96,000 × (1 − 0.075) = $96,000 × 0.
Related Delaware Real Estate Math Questions
- A Delaware property sells for $400,000. The total transfer tax is 3%. What is each party's share if split equally?
- A Delaware property's land is worth $75,000 and the improvements have a replacement cost of $280,000. Accumulated depreciation on improvements is $42,000. What is the property's indicated value by cost approach?
- A Delaware investor receives a 9% annual return on a $350,000 investment property. What is the annual income?
- A Delaware property sells for $550,000. The listing broker and buyer's broker each receive 50% of a 5% total commission. What does each broker receive?
- A Delaware property sells for $295,000. The state and county transfer tax combined rate is 4%. If the buyer and seller split this equally, how much does each pay?
- A rectangular lot is 150 feet wide and 200 feet deep. What is its area in square feet?
- A Delaware property's appraised value is $325,000. The assessment ratio is 75% of appraised value. What is the assessed value?
- A Delaware property sold for $565,000 with a 6% total commission. The listing office is the broker for a salesperson who gets 65% of the listing side's 50% share. What does the salesperson earn?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →