Real Estate Math
A Louisiana duplex generates $1,400/month from each unit. Annual operating expenses are $8,400. What is the annual NOI if there is no vacancy?
A$25,200✓ Correct
B$28,200
C$24,600
D$19,800
Explanation
Annual gross income: ($1,400 × 2) × 12 = $2,800 × 12 = $33,600. NOI = $33,600 − $8,400 = $25,200.
Related Louisiana Real Estate Math Questions
- A Louisiana home's appraised value is $295,000. The tax assessment ratio is 10%. The millage rate is 95 mills, and the owner qualifies for the $7,500 homestead exemption. What is the annual tax bill?
- A Louisiana home sells at 94% of its listing price of $322,000. What was the actual sale price?
- A Louisiana real estate investor purchases a property for $340,000 with a $68,000 down payment. The annual cash flow after debt service is $12,240. What is the cash-on-cash return?
- A New Orleans property sells for $512,000. The transfer (conveyance) tax rate is 0.3% of the sale price. What is the tax amount?
- A Louisiana industrial building contains 45,000 sq ft and rents for $4.50 per sq ft per year. With a 6% vacancy rate, what is the annual effective gross income?
- A Louisiana property has potential gross income of $72,000, a 5% vacancy rate, and operating expenses of $28,000. A 9% cap rate is used. What is the estimated value?
- A Louisiana title company charges a recording fee of $25 for the first page and $10 for each additional page of an Act of Sale. If the Act of Sale is 8 pages, what is the recording fee?
- A Louisiana investor buys a 4-unit apartment for $480,000 with 25% down. The annual NOI is $36,000. What is the cash-on-cash return?
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →