Real Estate Math (alternative)
In Maryland, a building has a replacement cost of $600,000, land value of $100,000, and accrued depreciation of 20%. The total estimated value is:
A$480,000
B$425,000
C$580,000✓ Correct
D$690,000
Explanation
Depreciated building = $600,000 × (1 – 0.20) = $600,000 × 0.80 = $480,000. Total value = $480,000 + $100,000 land = $580,000.
Related Maryland Real Estate Math (alternative) Questions
- A Maryland property appreciates from $200,000 to $230,000. The percentage increase is:
- In Maryland, a seller nets $312,000 from a sale after paying a 5.5% commission. What was the sale price?
- A Maryland home appraiser finds the subject property is 200 sq ft larger than a comparable that sold for $350,000. If the value per square foot is $150, the adjusted comparable value is:
- A Maryland buyer pays $395,000 for a home. 5 years later they sell for $450,000. The appreciation in dollar terms is:
- A Maryland property manager collects $6,500 in monthly rent and charges a 9% management fee. Monthly management fee is:
- A Maryland investor purchases a $950,000 building and depreciates it over 39 years (commercial). Annual depreciation for tax purposes is approximately:
- A Maryland triplex with monthly rents of $1,100, $1,200, and $1,350 has annual PGI of:
- A Maryland commercial property has a stabilized NOI of $120,000 and a cap rate of 6%. The purchase price is:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →