Real Estate Math
A Nevada property was purchased for $200,000 three years ago and now sells for $260,000. What is the annual appreciation rate (simple)?
A8.5%
B10%✓ Correct
C7.5%
D6.7%
Explanation
Total appreciation = $60,000 / $200,000 = 30% over 3 years. Simple annual rate = 30% / 3 = 10% per year.
Related Nevada Real Estate Math Questions
- A Nevada property is listed at $350,000. After 90 days, the price is reduced by 8%. What is the new listing price?
- A Nevada seller wants to net $380,000 after paying a 6% commission. What must the minimum sale price be?
- A Nevada commercial lease has a base rent of $4,000/month with 3% annual increases. What is the rent in year 3?
- An investor in Nevada earns $28,000 annually on a property they purchased for $350,000. After 5 years they sell for $420,000. What is the total return including both income and appreciation?
- A Nevada seller lists their home at $549,000. They receive an offer at $520,000. What is the offer as a percentage of list price?
- A Nevada property's assessed value is $154,000. The tax rate is $3.40 per $100 of assessed value. What is the annual tax bill?
- A Nevada investor pays $275,000 for a rental property. After one year, the property is worth $299,750. What is the percentage appreciation?
- A Nevada listing agent has an exclusive listing that expires without a sale. The seller re-lists with a new agent 45 days later and sells. Is any commission owed to the first agent?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →