Real Estate Math
A NH commercial property leases space at $18 per square foot per year. The tenant leases 2,400 square feet. What is the monthly rent?
A$3,600✓ Correct
B$4,320
C$2,700
D$43,200
Explanation
Annual rent = $18 × 2,400 = $43,200. Monthly rent = $43,200 / 12 = $3,600.
Related New Hampshire Real Estate Math Questions
- A NH buyer is charged a 1.5% origination fee on a $290,000 loan, plus $450 in processing fees and $250 in underwriting fees. What are the total lender fees?
- A NH property has 120 feet of frontage on a lake. Similar lakefront properties sell at a premium of $1,200 per linear foot of frontage over inland properties. What additional value does the lake frontage represent?
- A NH broker charges a 5% commission on a $480,000 sale. The broker splits the commission 60/40 with the selling agent. How much does the selling agent earn?
- A NH property sells for $410,000. The broker's total commission is 5.5%. The listing broker and buyer's broker split it 60/40. How much does the buyer's broker receive?
- A NH buyer finances $280,000 at 6.5% annual interest. What is the first month's interest payment?
- A NH building costs $1.2 million to replace. It is 25 years old with a 50-year economic life. What is the total physical depreciation using the age-life method?
- A NH buyer makes an offer of $355,000 on a home listed at $379,000. The seller accepts a counteroffer of $365,000. The listing broker's 6% commission is based on the actual sale price. What commission does the listing broker earn?
- A NH seller's adjusted basis in a property is $180,000. They sell it for $295,000. After paying $17,700 in commissions and $3,200 in closing costs, what is the seller's capital gain?
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →