Real Estate Math
A Hawaii commercial tenant pays base rent of $5,000/month plus 4% of gross sales. If monthly sales are $80,000, what is the total monthly rent?
AA. $7,800
BB. $8,200✓ Correct
CC. $8,000
DD. $8,400
Explanation
Percentage rent = $80,000 × 0.04 = $3,200. Total = $5,000 + $3,200 = $8,200. To solve this, multiply the relevant values: $5,000 and $80,000, at 4%.. The correct answer is B. $8,200.. This is a common calculation on the Hawaii real estate exam.
Related Hawaii Real Estate Math Questions
- A Hawaii income property earns a potential gross income of $150,000 per year with a 5% vacancy rate. What is the effective gross income?
- A Hawaii buyer's annual income is $120,000. Using a 28% front-end DTI limit, what is the maximum annual housing payment?
- An investor purchases a Hawaii rental for $800,000 with a down payment of 25%. What is the loan amount?
- What is the annual interest on a $450,000 mortgage at 6.5% interest (first month only)?
- A 2,400 square foot Hawaii home sells for $960,000. What is the price per square foot?
- A Hawaii buyer pays $650,000 for a property. First year insurance is $2,800, property taxes are $3,600, and the 30-year mortgage payment is $3,900/month. What is the monthly PITI?
- A Hawaii property's gross income is $72,000/year and the operating expense ratio is 35%. What is the cap rate if the property value is $1,000,000?
- A Hawaii buyer's gross monthly income is $12,000. Using a 43% DTI limit for total debt (PITI + other debts), and the buyer has $800/month in other debts, what maximum PITI payment is allowed?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →