Real Estate Math
A commercial property in Lincoln has an NOI of $95,000 and is purchased at a 7.6% cap rate. What is the purchase price?
A$1,250,000✓ Correct
B$722,000
C$1,315,789
D$950,000
Explanation
Price = NOI ÷ cap rate = $95,000 ÷ 0.076 = $1,250,000.
Related Nebraska Real Estate Math Questions
- A Nebraska homeowner's annual taxes are $5,760. The property is assessed at 88% of a $375,000 market value. What is the effective tax rate on assessed value?
- An Omaha property has gross rent of $4,200/month, 5% vacancy, and a 42% expense ratio of EGI. What is the monthly NOI?
- A property sells for $385,000. The county transfer recording fee is $10 per $1,000 of value. What is the recording fee?
- An investor buys a rental property for $400,000 and receives $32,000 in annual net operating income. What is the cap rate?
- Annual property taxes are $3,600 on a home with an assessed value of $180,000. What is the tax rate per $100 of assessed value?
- A monthly NNN lease of $2,500 with annual rent increases of 3% will be what amount in year 3?
- A Nebraska investor in a 24% tax bracket owns a rental property with $8,000 in taxable depreciation deductions. The annual tax savings from depreciation are:
- A buyer puts 5% down on a $280,000 home. After 3 years the loan balance is $253,000. The home is now worth $305,000. What is the owner's equity?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →