Real Estate Math
A Mississippi property's effective gross income is $42,000 and operating expenses are $18,900. The NOI is:
A$21,000
B$23,100✓ Correct
C$25,000
D$18,900
Explanation
NOI = EGI − Operating Expenses = $42,000 − $18,900 = $23,100. Using the values given ($42,000, $18,900), apply the appropriate formula..
Related Mississippi Real Estate Math Questions
- A Mississippi property was listed at $289,000 and sold for $275,000. The sale-to-list price ratio is approximately:
- A Mississippi buyer is purchasing a $250,000 home with 20% down. Their lender requires 2 months PITI in reserves after closing. PITI is $1,450/month. Required reserves are:
- A Mississippi apartment building has 8 units, each renting for $875 per month. The building has a 5% vacancy rate. Annual effective gross income is:
- A Mississippi commercial building has 20,000 square feet of gross leasable area (GLA). The building is 85% occupied. How many square feet are currently vacant?
- A Mississippi homeowner takes out a $50,000 home equity loan at 7.5% simple annual interest. The monthly interest charge for the first month is:
- A Mississippi homeowner has a $210,000 mortgage at 5.5% with 22 years remaining. They are considering making an extra $500/month principal payment. The primary benefit is:
- A Mississippi rental property generates $2,800 per month in rent. The owner wants to sell at a price representing a gross rent multiplier (GRM) of 10. What is the listing price?
- A Mississippi broker's office has four salespeople who each close an average of $1,200,000 in sales per year at a 3% commission split to the office. The office's annual gross commission income from these four agents is:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →