Real Estate Math
A Maine commercial property generates $150,000 in gross rental income. After 7% vacancy and $48,000 in operating expenses, the NOI is:
A$91,500✓ Correct
B$93,500
C$95,500
D$96,500
Explanation
EGI = $150,000 × (1 − 0.07) = $150,000 × 0.93 = $139,500. NOI = $139,500 − $48,000 = $91,500. To solve this, multiply the relevant values: $150,000 and $48,000 at 7%.. The correct answer is $91,500.. This is a common calculation on the Maine real estate exam.
Related Maine Real Estate Math Questions
- A Maine seller wants to net $275,000 after paying a 6% commission. What must the selling price be?
- A Maine agent receives a total annual income of $85,000 from real estate. If all income came from 3% buyer's agent commissions, what is the total value of properties sold?
- A Maine property with an assessed value of $320,000 and a homestead exemption of $20,000 has a mill rate of 16.5. The semi-annual tax bill is:
- A Maine investor buys a property for $480,000 and sells it 3 years later for $550,000. After $15,000 in selling costs, the net profit is:
- A Maine buyer finances $310,000 at 6.75% for 30 years. The approximate monthly P&I payment is $2,011. The total amount paid over 30 years is:
- A Maine buyer obtains a $340,000 mortgage. The origination fee is 1% of the loan amount. The origination fee is:
- A Maine seller accepts an offer of $348,000. After paying off a $205,000 mortgage, a 5.5% commission, and $2,200 in closing costs, the seller's net proceeds are:
- A Maine lakefront cabin rents for $1,800/week during a 12-week peak season and $900/week for 8 additional weeks. Total seasonal rental income is:
Practice More Maine Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maine Quiz →