Real Estate Math
A Kansas rental property purchased for $350,000 has a cap rate of 6.5%. What is the annual NOI?
A$20,250
B$22,750✓ Correct
C$25,000
D$27,500
Explanation
NOI = Value × Cap Rate = $350,000 × 0.065 = $22,750. To solve this, multiply the relevant values: $350,000 at 6.5%.. The correct answer is $22,750.. This is a common calculation on the Kansas real estate exam.
Related Kansas Real Estate Math Questions
- A Kansas homebuyer puts 3.5% down on an FHA loan to purchase a $195,000 home. How much is the down payment?
- A Kansas property sells for $320,000 with a 6% commission, split equally between listing and selling brokers. Each broker earns:
- A property's assessed value is $85,000. The tax rate is 150 mills. What are the annual property taxes?
- A rectangular lot measures 150 feet by 200 feet. How many acres is this lot? (1 acre = 43,560 sq ft)
- A Kansas buyer closes on April 15. Annual taxes of $2,400 are paid in arrears. How much does the seller owe at closing (seller's days: Jan 1 – Apr 15 = 105 days)?
- A Kansas commercial property generates gross annual income of $120,000. Operating expenses are 40% of gross income. The cap rate is 8%. What is the estimated value?
- A Kansas home's property taxes are $3,285 per year, paid in two installments. What is each installment?
- A Kansas agent lists a property at $225,000 and earns 6% commission. The agent gives 40% to their broker. What does the agent keep?
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →