Real Estate Math
A Hawaii property purchased for $1,000,000 is depreciated over 39 years (commercial). What is the annual depreciation?
AA. $25,641✓ Correct
BB. $39,000
CC. $30,000
DD. $33,333
Explanation
Commercial property (non-residential) depreciates over 39 years: $1,000,000 / 39 = $25,641 per year.
Related Hawaii Real Estate Math Questions
- A Hawaii property's NOI increased from $85,000 to $102,000. If the cap rate remains at 6%, what is the increase in property value?
- If a Hawaii home sells for $550,000 and the transfer tax rate is $1.00 per $1,000, what is the conveyance tax?
- A Hawaii buyer puts 15% down on a $680,000 purchase. What is the down payment?
- A Hawaii property has the following annual financials: Gross rent $180,000; Vacancy 5%; Operating expenses $60,000. Calculate the NOI.
- A Hawaii property has a gross scheduled income of $180,000, vacancy rate of 5%, and operating expenses of $72,000. What is the NOI?
- A Hawaii seller receives an offer of $875,000 which they accept. The sale closes 45 days later. If the seller had taxes prorated at $4,380/year (paid in arrears), how much does the seller owe the buyer for property taxes at closing? (Use 365-day year)
- A Hawaii buyer purchases a condo for $520,000. HOA fees are $850/month, property taxes are $3,240/year, and the mortgage payment is $2,800/month. What is the total monthly housing cost?
- 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?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →