Real Estate Math
A Louisville rental property generates $2,400 per month in gross rent. Annual operating expenses are $14,400. What is the annual net operating income (NOI)?
A$12,000
B$14,400✓ Correct
C$28,800
D$12,240
Explanation
Annual gross rent = $2,400 × 12 = $28,800. NOI = Gross Rent − Operating Expenses = $28,800 − $14,400 = $14,400.
Related Kentucky Real Estate Math Questions
- A Kentucky borrower has a $300,000 loan at 4.5%. What is the monthly interest in the first month?
- A Lexington property owner has a $180,000 mortgage at 7% interest. What is the first month's interest payment?
- A seller wants to net $190,000 after paying a 5% commission. What must the property sell for?
- A buyer purchases a home for $240,000 and makes a 10% down payment. What is the loan amount?
- A Kentucky real estate broker earned $22,500 on a transaction. The commission rate was 5%. What was the sale price?
- A 1-acre Kentucky property sells for $87,120. What is the price per square foot? (1 acre = 43,560 sq ft)
- An investment property has an NOI of $36,000 and sells for $450,000. What is the cap rate?
- A Kentucky real estate investor's property was purchased for $200,000 and appreciated 4% annually for 5 years. What is the approximate value at the end of 5 years?
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →