Real Estate Math
A Nebraska homeowner's mortgage balance is $165,000. The home appraises at $220,000. What is the loan-to-value ratio?
A75%✓ Correct
B70%
C80%
D65%
Explanation
LTV = Loan ÷ Appraised value = $165,000 ÷ $220,000 = 0.75 = 75%.
Related Nebraska Real Estate Math Questions
- A property's assessed value is $150,000 and the tax rate is $1.80 per $100 of assessed value. What are the annual taxes?
- A commercial property lease is for 3,200 sq ft at $19/sq ft/year. Annual NNN expenses are $8,500 in taxes, $3,200 in insurance, and $4,100 in maintenance. What is the total annual cost to the tenant?
- The price per square foot of a 1,850 sq ft home that sells for $277,500 is:
- A property with a potential gross income of $90,000, 8% vacancy, and $32,000 in operating expenses has a NOI of:
- A property's net operating income is $45,000 and the cap rate is 7.5%. What is the estimated value using the income approach?
- If a $250,000 mortgage has a 6% annual interest rate paid monthly, the monthly interest for the first month is:
- A commercial property leases 2,400 sq ft at $18/sq ft per year NNN. The tenant's annual base rent is:
- A commercial lease provides $24/sq ft/year on 3,500 sq ft. The landlord receives 70% of gross rent after paying 20% to the property manager and 10% for reserves. What does the landlord net annually?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →