Real Estate Math
A North Dakota section of land measures 1 mile by 1 mile. How many square feet does it contain?
A27,878,400 sq ft✓ Correct
B43,560,000 sq ft
C2,787,840 sq ft
D640,000 sq ft
Explanation
One section = 640 acres. One acre = 43,560 sq ft.
Related North Dakota Real Estate Math Questions
- A North Dakota investment property has a gross income of $60,000, a 10% vacancy rate, and operating expenses of $18,000. What is the net operating income?
- A property generates monthly rent of $1,800. If the GRM is 130, what is the estimated value?
- A North Dakota property appreciates at 4% per year. If the current value is $300,000, what will it be worth in one year?
- A North Dakota lender's annual mortgage insurance premium (MIP) on an FHA loan of $240,000 is 0.85%. What is the monthly MIP charge added to the payment?
- A buyer finances $160,000 at 7% annual interest (interest only). What is the monthly interest payment?
- A property has a NOI of $45,000 and sells at a 7.5% cap rate. What is the sales price?
- A North Dakota investor's annual before-tax cash flow is $18,000 on a $300,000 property purchased with $60,000 down. What is the cash-on-cash return?
- A North Dakota property's cost new is $280,000. Physical depreciation is 25% and functional obsolescence is 5%. What is the total dollar amount of depreciation?
Practice More North Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Dakota Quiz →