Real Estate Math
A Kentucky buyer pays 4 points on a $260,000 loan as part of the financing. How much do the points cost?
A$5,200
B$8,000
C$10,400✓ Correct
D$12,600
Explanation
Points cost = 4% × $260,000 = $10,400. Using the values given ($260,000), apply the appropriate formula..
Related Kentucky Real Estate Math Questions
- A rectangular lot in Louisville measures 75 feet by 140 feet. What is the area in square feet?
- A home is purchased for $200,000. After two years, the owner sells it for $230,000. What is the percentage increase in value?
- A 10-unit Kentucky apartment building earns $900/unit/month. Operating expenses are 45% of EGI. Vacancy is 8%. What is the annual NOI?
- A Kentucky property has a tax assessment of $210,000 and a mill rate of 14.5. What is the annual property tax?
- A Kentucky property owner's mortgage payment is $1,650/month of which $1,200 is interest and $450 is principal. The loan balance is $240,000. What is the annual interest rate?
- A Kentucky property is 2.5 acres. The owner sells it at $3.50 per square foot. What is the total sale price? (1 acre = 43,560 sq ft)
- A Kentucky property has a list price of $375,000 and sells for 96% of list price. What is the sale price?
- A Kentucky landlord received $18,000 in annual rent. Operating expenses were $5,400. The property was purchased for $150,000. What is the overall return on investment (ROI)?
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →