Real Estate Math
An Oklahoma apartment building with 20 units each renting for $850/month has an effective gross income of $190,800 (after 6% vacancy). What is the monthly gross potential income?
A$190,800
B$17,000✓ Correct
C$203,404
D$204,000
Explanation
Gross Potential Income = 20 units × $850/month × 12 months = $204,000/year (or $17,000/month). Effective Gross Income = $204,000 × (1 − 0.
Related Oklahoma Real Estate Math Questions
- A property generates $48,000 in annual gross rent. The vacancy rate is 5% and operating expenses are $18,000. What is the net operating income (NOI)?
- A property in Broken Arrow, Oklahoma has a market value of $280,000, is assessed at 11% for residential homestead, and has a mill rate of 90 mills. What is the annual property tax?
- An Oklahoma property has a GRM of 120 and monthly gross rent of $1,750. What is the estimated value?
- A seller nets $285,000 after paying a 6% commission. What was the original sale price?
- A property was listed at $299,000 and sold at a 2.3% discount. What was the sale price?
- A property has a gross annual income of $60,000, a vacancy rate of 5%, and operating expenses of $22,000. What is the NOI?
- An Oklahoma investor purchases a property for $180,000, puts $20,000 into renovation, and sells it for $240,000. What is the return on investment (ROI)?
- A property in Lawton, Oklahoma has an NOI of $55,000. The purchase price was $650,000. What is the overall capitalization rate?
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →