Real Estate Math
An Indiana commercial property has monthly gross income of $12,500 and monthly operating expenses of $4,800. What is the annual NOI?
A$57,600
B$92,400✓ Correct
C$150,000
D$178,200
Explanation
Monthly NOI = $12,500 − $4,800 = $7,700. Annual NOI = $7,700 × 12 = $92,400. Using the values given ($12,500, $4,800), apply the appropriate formula.. The correct answer is $92,400.. This is a common calculation on the Indiana real estate exam.
Related Indiana Real Estate Math Questions
- An Indiana investor's property has a market value of $950,000 and debt of $570,000. What is the equity-to-value ratio?
- An Indiana property has a potential annual gross income of $144,000. With a 5% vacancy rate, what is the effective gross income?
- A property in Indianapolis sells for $615,000 with a 6% commission. What is the total co-broke (buyer's broker) share if the split is 2.8% to the buyer's broker?
- An Indiana home appraised at $290,000 and is being purchased with a 15% down payment. How much is the loan amount?
- A property manager in Indiana manages 85 units at an average monthly rent of $1,100 with a 7% management fee. What is the monthly management fee?
- An Indiana lender approves a buyer at a maximum 43% back-end DTI. The buyer's gross monthly income is $7,500. What is the maximum total monthly debt allowed?
- A parcel of Indiana land in the PLSS system described as 'the North half of the Southwest quarter of Section 5' contains how many acres?
- An Indiana farm has 160 acres and a CSR2 rating of 75. A comparable farm with a CSR2 of 75 recently sold for $7,200 per acre. What is the estimated value?
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →