Real Estate Math
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?
A20%
B25%✓ Correct
C22%
D24%
Explanation
Appreciation = ($319,000 − $255,000) ÷ $255,000 = $64,000 ÷ $255,000 ≈ 25.1% ≈ 25%.
Related Florida Real Estate Math Questions
- A Florida investor purchases a duplex for $280,000 and rents each unit for $1,200/month. The gross rent multiplier (GRM) is:
- A Florida seller receives an offer of $375,000. After paying the 6% commission, $2,400 in closing costs, and satisfying the $275,000 mortgage balance, the seller's net proceeds are:
- A Florida homestead property has a market value of $425,000 and an SOH capped assessed value of $340,000. After the $50,000 homestead exemption, what is the taxable value?
- A Florida buyer is purchasing a $320,000 home with an FHA loan requiring 3.5% down. What is the down payment amount?
- A Florida property has a current assessed value of $310,000 with a 3% SOH cap applied. Without the cap, the market-based assessment would be $375,000. The tax rate is 18 mills. How much does the SOH cap save the homeowner annually?
- A Florida investor wants a 15% annual cash-on-cash return on a $60,000 cash investment. What annual cash flow is required?
- A Florida buyer wants a $400,000 mortgage. The lender offers a rate of 6.25% for 30 years. Monthly payment factor = $6.16/$1,000. What is the monthly P&I payment?
- A Florida property's annual gross income is $96,000. Vacancy is 8%, operating expenses are $32,000. At a 9% cap rate, the value is:
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →