Real Estate Math
A property generates $5,400 per month in gross rents. Annual operating expenses are $28,800. What is the annual net operating income (NOI)?
A$36,000✓ Correct
B$35,400
C$30,600
D$41,400
Explanation
Annual gross rent = $5,400 × 12 = $64,800. NOI = $64,800 − $28,800 = $36,000. Correcting: NOI = $64,800 − $28,800 = $36,000.
Related Florida Real Estate Math Questions
- A Florida property sells for $375,000. The documentary stamp tax on the deed is $0.70 per $100 (or fraction). What is the total documentary stamp tax?
- A Florida home sells for $320,000. The commission is 6%, split 3% to the listing office and 3% to the buyer's office. The listing agent receives 60% of their office's share. How much does the listing agent earn?
- 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 buyer pays $350,000 for a property. The buyer pays $70,000 down and finances the remainder. The monthly principal and interest payment is $1,495. After 5 years of payments (60 payments), the loan balance is $260,000. What is the total amount of interest paid in the first 5 years?
- A Florida property has an assessed value of $220,000. The homestead exemption reduces it by $50,000. With a millage rate of 20 mills, what is the annual property tax?
- A Florida property has annual gross rents of $36,000 and sold for $360,000. What is the Gross Rent Multiplier (GRM)?
- A Florida commercial building has 20,000 square feet of leasable space at $18 per square foot annually. What is the annual gross rent?
- A Florida broker charges a 6% commission on a $385,000 sale. The commission is split 50/50 between listing and selling sides. The listing agent receives 60% of the listing office's share. What does the listing agent earn?
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →