Real Estate Math
A 1/16 section of land (one sixteenth of a section) in Iowa contains how many acres?
A10 acres
B20 acres
C40 acres✓ Correct
D80 acres
Explanation
A section contains 640 acres. 1/16 of a section = 640 ÷ 16 = 40 acres. A 1/16 section is equivalent to a 'quarter-quarter section.'
Related Iowa Real Estate Math Questions
- An investment property has a monthly gross income of $4,200 and a vacancy rate of 8%. What is the annual effective gross income?
- An Iowa property has a market value of $310,000 assessed at 100% for commercial use. Levy rate is $42 per $1,000. What is the annual tax bill?
- An Iowa farmland lease at $200/acre/year for 160 acres. The landowner pays $4,800 in property taxes and earns a 5% net return on investment. What is the indicated farm value?
- An Iowa buyer's agent helps the buyer purchase a home for $178,000. The buyer's agent earns 2.5% of the sale price. How much does the buyer's agent earn?
- An Iowa listing sells after 45 days. Closing costs paid by the seller total $3,800 plus the 6% commission. If the sale price was $235,000, what are the seller's total closing costs including commission?
- A Des Moines duplex produces $2,200/month per unit. The owner pays annual expenses of $14,400. What is the annual NOI?
- An Iowa property has a potential gross income of $84,000/year, a vacancy rate of 8%, and operating expenses of $30,000. What is the NOI?
- A Des Moines commercial property with $500,000 value has a 65% LTV first mortgage. What is the equity?
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →