Real Estate Math
A Hawaii homeowner owes $320,000 on their mortgage. Their home is worth $500,000. What is their loan-to-value ratio?
AA. 56%
BB. 60%
CC. 64%✓ Correct
DD. 68%
Explanation
LTV = $320,000 / $500,000 = 0.64 = 64%.
Related Hawaii Real Estate Math Questions
- A Hawaii agent sold 12 properties at an average price of $650,000 earning an average 2.5% commission per side. What was the agent's total annual commission income?
- A Hawaii lot is 75 feet wide and 200 feet deep. How many square feet is the lot?
- A Hawaii property has an NOI of $95,000. If the investor requires a 6.5% return, what is the maximum price they would pay?
- A Hawaii property manager charges 9% of collected rents. Monthly rents collected are $15,000. What is the monthly management fee?
- A Hawaii investor wants a 10% return on a $1,200,000 commercial property. What annual NOI is needed?
- A property in Hawaii sells for $850,000. The commission rate is 5%. How much commission is earned?
- A Hawaii home is listed at $825,000 and sells for 98% of the listing price. What is the selling price?
- A Hawaii investor's annual debt service (mortgage payments) is $54,000. The property's NOI is $72,000. What is the debt coverage ratio (DCR)?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →