Real Estate Math
A Hawaii property has an effective gross income of $80,000 and operating expenses of $32,000. What is the net operating income?
AA. $48,000✓ Correct
BB. $112,000
CC. $32,000
DD. $80,000
Explanation
NOI = Effective Gross Income - Operating Expenses = $80,000 - $32,000 = $48,000. Using the values given ($80,000, $32,000), apply the appropriate formula.. The correct answer is A. $48,000.. This is a common calculation on the Hawaii real estate exam.
Related Hawaii Real Estate Math Questions
- A Honolulu commercial property has an asking cap rate of 5.25% and lists for $4,200,000. What is the NOI?
- Annual property taxes are $4,200. If the closing is July 1 and taxes are paid in arrears on a 365-day year, how much does the seller owe the buyer at closing (assuming closing occurs on that day and the buyer owns the rest of the year)?
- A Hawaii lot in a subdivision measures 75 × 125 feet. How many square feet is the lot?
- A Hawaii agent earns a 6% commission on a $480,000 sale and splits it 50/50 with the cooperating broker. What does each broker receive?
- A Hawaii condo sells for $750,000. The seller's net proceeds after a 5% commission and $12,000 in other closing costs are:
- A rectangular lot in Hawaii is 90 feet wide and 150 feet deep. What is its area in square feet?
- A Hawaii investor wants a 10% return on a $1,200,000 commercial property. What annual NOI is needed?
- A Hawaii condominium sold for $450,000. The seller pays a 6% commission. What are the seller's net proceeds before other closing costs?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →