Real Estate Math
A Missouri commercial building has a GIM of 8 and annual gross income of $90,000. What is the estimated value?
A$720,000✓ Correct
B$900,000
C$450,000
D$360,000
Explanation
Value = GIM × Annual gross income = 8 × $90,000 = $720,000. Using the values given ($90,000), apply the appropriate formula.. The correct answer is $720,000.. This is a common calculation on the Missouri real estate exam.
Related Missouri Real Estate Math Questions
- A rectangular Missouri farm parcel is described as the SE1/4 of Section 14. How many acres is this parcel?
- A Missouri investor's 10-unit apartment building has average rent of $750/month per unit. Annual effective gross income with 8% vacancy is:
- Missouri property taxes are paid in arrears. At closing on October 31, the buyer will owe the seller for property taxes covering:
- A Missouri buyer's loan of $285,000 at 6.25% for 30 years has a monthly P&I payment using a factor of $6.16 per $1,000 of approximately:
- A Missouri farm is 240 acres and sells for $3,200 per acre. The total sale price is:
- A Missouri single-family rental property sold for $155,000. Annual gross rents are $13,200. The gross rent multiplier (annual) is approximately:
- A Missouri property's market value is $350,000. Commercial assessment ratio is 32%. The assessed value is:
- A Missouri tenant leases office space at $18 per square foot per year. The space is 2,400 square feet. Monthly rent is:
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →