Real Estate Math
A Nebraska investor purchases a 6-unit building for $480,000. Each unit rents for $850/month with 4% vacancy. Annual operating expenses are $28,000. After 5 years, the building appreciates 15%. What is the new value?
A$552,000✓ Correct
B$540,000
C$544,000
D$560,000
Explanation
New value = $480,000 × 1.15 = $552,000.
Related Nebraska Real Estate Math Questions
- A Nebraska home is assessed at 100% of market value of $310,000. The tax rate is 2.25%. What are the annual property taxes?
- A Nebraska investment property's price is $875,000. The NOI is $70,000 and the cap rate is 8%. What is the difference between the asking cap rate and the market rate?
- A buyer takes out a $175,000 mortgage with a 7% interest rate. The monthly interest for the first month and the P&I payment is $1,164.28. What is the principal reduction in the first payment?
- A seller wants to net $200,000 after paying a 5% commission and a $3,000 closing cost allowance. What is the minimum sale price?
- A Nebraska seller agrees to pay 6% commission on a sale of $395,000. The listing agent's broker gives them 55% of the listing side (50/50 split with buyer's agent). How much does the listing agent earn?
- A 30-year mortgage of $200,000 at 7% has a monthly P&I payment of approximately $1,331. After 1 month, the interest portion of the first payment is:
- A Nebraska home sells for $198,000 and the buyer obtains an FHA loan with 3.5% down. The upfront MIP is 1.75% of the loan amount. What is the upfront MIP?
- A Nebraska property sells for $415,000 with a 6% commission paid entirely by the seller. The seller's net after commission and $7,500 in closing costs is:
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →