Real Estate Math
A Hawaii home owner has a $650,000 property with a $390,000 mortgage. Their equity as a percentage is:
AA. 60%
BB. 40%✓ Correct
CC. 50%
DD. 55%
Explanation
Equity = $650,000 - $390,000 = $260,000. Equity % = $260,000 / $650,000 = 40%.
Related Hawaii Real Estate Math Questions
- A Hawaii seller accepts an offer of $675,000 and pays 5.5% commission. Net before other costs is:
- A Hawaii lot is 75 feet wide and 200 feet deep. How many square feet is the lot?
- A Hawaii property generates $9,000/month in net income. If the owner wants a 7.5% cap rate return, what is the property value?
- A Hawaii property sold for $1,050,000. The seller had purchased it for $840,000 five years ago. What was the total dollar gain?
- A Hawaii home purchased for $400,000 is sold 5 years later for $520,000. What is the dollar appreciation?
- A Hawaii property sells for $875,000 with a 5.5% commission. What is the total commission?
- A Hawaii leasehold property has 35 years remaining on the ground lease with annual rent of $12,000/year. How much total ground rent remains?
- A Hawaii home listed at $750,000 receives an offer that is 3% below list. What is the offer price?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →