Real Estate Math
A property was purchased for $150,000 and sold 5 years later for $195,000. What is the percentage gain?
A25%
B28%
C30%✓ Correct
D33%
Explanation
Gain = $195,000 − $150,000 = $45,000. Percentage gain = $45,000 ÷ $150,000 = 0.30 = 30%. Using the values given ($150,000, $195,000), apply the appropriate formula.. The correct answer is 30%.. This is a common calculation on the Mississippi real estate exam.
Related Mississippi Real Estate Math Questions
- A Mississippi property owner borrowed $150,000 at 7% annual interest. What is the first month's interest charge?
- A Mississippi commercial lease has a base rent of $3,000 per month and a percentage rent of 5% of gross sales above $500,000 annually. If annual gross sales are $600,000, what is the total annual rent?
- A Mississippi investor paid $250,000 for a property and sold it three years later for $287,500. The total return over three years (not annualized) is:
- A Mississippi property's annual property tax is $2,160. At a mill rate of 90 mills, the assessed value is:
- A Mississippi property's assessed value is $120,000. The homestead exemption reduces the taxable assessment by $7,500. The mill rate is 90 mills. The annual property tax after the exemption is:
- A Mississippi property sells for $185,000. The buyer obtains an 80% LTV conventional loan. The down payment required is:
- A Mississippi apartment complex has 20 units. The physical vacancy is 3 units. The physical occupancy rate is:
- A Mississippi homeowner has a home worth $300,000 with a $175,000 mortgage balance. Their equity is:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →