Real Estate Math
A property has an NOI of $60,000 and a cap rate of 5%. What is the indicated value?
A$900,000
B$1,000,000
C$1,200,000✓ Correct
D$1,500,000
Explanation
Value = NOI ÷ Cap Rate = $60,000 ÷ 0.05 = $1,200,000.
Related Hawaii Real Estate Math Questions
- A Hawaii property is assessed at 80% of its market value. The market value is $500,000 and the tax rate is $10 per $1,000. What is the annual property tax?
- A Hawaii landlord collects monthly rent of $2,800. What is the annual gross rental income?
- A Hawaii lot is 150 feet wide and 300 feet deep. What is the lot area in square feet?
- A Hawaii property's assessed value is $600,000 at a 100% assessment ratio. The tax rate is $3.25 per $1,000. What is the annual property tax?
- A rectangular lot in Hawaii is 90 feet wide and 150 feet deep. What is its area in square feet?
- A buyer borrows $600,000 at a 6% annual interest rate. What is the first month's interest payment?
- A property in Hawaii sells for $850,000. The commission rate is 5%. How much commission is earned?
- A Hawaii investor purchases a property for $800,000 and puts 25% down. What is the down payment amount and the loan amount?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →