Real Estate Math
A property's current NOI is $60,000 and is expected to grow by 5% per year. What will the NOI be in 2 years?
A$63,000
B$66,150✓ Correct
C$66,000
D$70,000
Explanation
Year 1 NOI: $60,000 × 1.05 = $63,000. Year 2 NOI: $63,000 × 1.05 = $66,150. To solve this, multiply the relevant values: $60,000 at 5%.. The correct answer is $66,150.. This is a common calculation on the Georgia real estate exam.
Related Georgia Real Estate Math Questions
- A home is listed at $350,000 and sells for 97% of list price. What is the actual sale price?
- A property sold for $425,000. The Georgia intangible recording tax on a new $340,000 first mortgage is $3 per $1,000 (rounded up). What is the intangible tax?
- An investor buys a property for $500,000, makes $50,000 in improvements, and sells for $630,000 paying 5% commission. What is the net profit?
- A seller wants to net $240,000 after paying a 6% commission. What must the property sell for?
- A property generates monthly gross rents of $4,500. Annual vacancy is 8%. Annual operating expenses are $22,000. What is the annual NOI?
- A property generates a monthly rent of $2,200. Using a GRM of 100, what is the estimated value?
- What is the annual interest on a $150,000 interest-only loan at 5.5%?
- A $400,000 mortgage at 6% annual interest, 30-year term, has a monthly payment factor of $5.996 per $1,000. What is the approximate monthly P&I payment?
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →