Real Estate Math
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?
AA. $250,000
BB. $283,333✓ Correct
CC. $300,000
DD. $170,000
Explanation
Original value = $85,000 / 0.06 = $1,416,667.
Related Hawaii Real Estate Math Questions
- A Hawaii property's annual gross rent is $96,000. Operating expenses are 42% of gross rent. What is the NOI?
- A property in Honolulu has a tax rate of 3.5 mills per dollar of assessed value. The assessed value is $800,000. What is the annual property tax?
- A Hawaii agent earns $22,500 on a transaction and their split is 70% to the agent. What was the total commission, and what does the broker retain?
- A Hawaii lot measures 0.75 acres. How many square feet is that?
- A rectangular lot measures 120 feet wide by 200 feet deep. How many acres is this lot? (1 acre = 43,560 sq ft)
- A Hawaii home is listed at $825,000 and sells for 98% of the listing price. What is the selling price?
- A buyer obtains a 30-year mortgage for $600,000 at an annual interest rate of 6%. What is the first month's interest payment?
- A Hawaii lot is 75 feet wide and 200 feet deep. How many square feet is the lot?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →