Real Estate Math
An investor in Hawaii purchases a 6-unit property for $1,800,000 with a 30% down payment. What is the equity at closing?
AA. $540,000
BB. $1,260,000✓ Correct
CC. $360,000
DD. $480,000
Explanation
Down payment (equity) = $1,800,000 × 30% = $540,000. The loan amount = $1,800,000 × 70% = $1,260,000.
Related Hawaii Real Estate Math Questions
- A Hawaii seller accepts an offer of $675,000 and pays 5.5% commission. Net before other costs is:
- A Hawaii commercial property earns $200,000 NOI and has $85,000 in annual debt service. What is the Debt Service Coverage Ratio (DSCR)?
- A Hawaii property has annual gross potential income of $150,000 with a 4% vacancy rate and $55,000 in operating expenses. What is the NOI?
- A Hawaii property has a cap rate of 6% and an NOI of $96,000. A buyer wants to purchase it at a 7% cap rate. What price would the buyer pay?
- An investor in Kailua pays $1,100,000 for a single-family home and rents it for $4,500/month. What is the annual gross rent multiplier (using annual rent)?
- A Hawaii home was appraised at $680,000. The bank will loan 78% of the appraised value. What is the required down payment on a $700,000 purchase price?
- 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 seller nets $625,000 after paying a 5% commission. What was the sale price?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →