Real Estate Math
A commercial space of 4,500 square feet rents at $18 per square foot annually. What is the monthly rent?
A$5,625
B$6,750✓ Correct
C$8,100
D$7,200
Explanation
Annual rent = 4,500 sq ft × $18/sq ft = $81,000. Monthly rent = $81,000 ÷ 12 = $6,750.
Related Florida Real Estate Math Questions
- A buyer closes on a Florida property on March 15. Annual property taxes of $3,650 have not yet been paid. Using a 365-day year, what is the seller's tax proration credit to the buyer at closing?
- A Florida property has annual gross rents of $36,000 and sold for $360,000. What is the Gross Rent Multiplier (GRM)?
- A Florida buyer puts 10% down on a $380,000 home and gets a mortgage for the balance. The lender charges 1% origination fee. What is the dollar amount of the origination fee?
- A Florida property sells for $460,000 with a 6% commission. If the listing broker takes 55% and the buyer's broker takes 45%, how much does the buyer's broker earn?
- A Florida home sells for $485,000. Documentary stamp taxes on the deed are $0.70 per $100. What are the doc stamps on the deed?
- A property has a potential gross income of $80,000, a 5% vacancy allowance, and operating expenses of $28,000. What is the NOI?
- A Florida property is purchased for $395,000 with a 30-year mortgage at 5.25%. The monthly payment factor is $5.53 per $1,000. With a 15% down payment, what is the monthly P&I?
- A Florida homeowner paid $255,000 for a home 5 years ago and the home now has a market value of $319,000. What is the 5-year appreciation percentage?
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →