Real Estate Math
A Bronx duplex generates $3,200/month in total rent. Annual operating expenses are $18,000. The NOI is:
A$38,400
B$20,400✓ Correct
C$56,400
D$21,200
Explanation
Annual Gross Rent = $3,200 × 12 = $38,400. NOI = Gross Rent - Operating Expenses = $38,400 - $18,000 = $20,400.
Related New York Real Estate Math Questions
- An upstate New York property has a gross potential income of $60,000, operating expenses of $22,000, and a 10% vacancy allowance. The cap rate is 8%. What is the estimated value?
- A property manager oversees 15 units, each averaging $2,000/month rent. If the vacancy rate is 8% and the management fee is 6% of EGI, what is the monthly management fee?
- If a buyer's loan has a beginning balance of $200,000 and the first monthly payment is $1,200, of which $933 is interest, how much does the balance decrease?
- Real property taxes for the year are $9,600. Closing occurs on March 1 (taxes paid in arrears for the prior year). The seller is responsible for taxes from January 1 through February 28 (59 days out of 365). How much does the seller owe the buyer?
- A seller nets $285,000 after paying a 5% commission. What was the sale price?
- A property is depreciated over 27.5 years (residential) for income tax purposes. If the depreciable basis is $275,000, the annual depreciation deduction is:
- A property has a gross rent of $36,000 per year. The gross rent multiplier (GRM) for the area is 12. What is the estimated value?
- A property was purchased for $300,000. After 3 years it is worth $363,000. What is the total percentage appreciation?
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →