Real Estate Math
A Nebraska property with an NOI of $58,000 and a cap rate of 8% has what value?
A$464,000
B$580,000
C$725,000✓ Correct
D$406,000
Explanation
Value = NOI ÷ Cap rate = $58,000 ÷ 0.08 = $725,000. To solve this, multiply the relevant values: $58,000 at 8%.. The correct answer is $725,000.. This is a common calculation on the Nebraska real estate exam.
Related Nebraska Real Estate Math Questions
- A Nebraska seller nets $215,000 after paying a 6% commission. What was the sale price?
- A Nebraska property is listed at $425,000. The seller pays 3% to the listing agent and 3% to the buyer's agent. At closing, the seller also pays $2,500 in other closing costs. The seller's net (before mortgage payoff) is:
- Property taxes on a $225,000 home are assessed at 95% of value with a rate of 22 mills. What are the annual taxes?
- A Nebraska office building with 24,000 rentable sq ft has a 12% vacancy. Occupied space rents for $22/sq ft/year. What is the effective annual gross income?
- A Nebraska commercial lease is $18/sq ft/year for 2,500 sq ft. Monthly rent is:
- A 640-acre Nebraska section has a road running diagonally through it. A triangular parcel is carved out that measures a base of 1 mile and height of 0.5 miles. What is the area of the triangular parcel in acres?
- A buyer purchases a home for $320,000 with a 10% down payment. What is the loan amount?
- A property's potential gross income is $60,000 per year. The vacancy rate is 5% and operating expenses are $20,000. What is the net operating income?
Practice More Nebraska Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nebraska Quiz →