Real Estate Math
An Oklahoma seller received $378,000 from the sale of their home. The original purchase price was $295,000. What was the percentage gain?
A28.1%✓ Correct
B21.8%
C26.2%
D30.0%
Explanation
Gain = $378,000 - $295,000 = $83,000. Percentage gain = $83,000 / $295,000 = 0.
Related Oklahoma Real Estate Math Questions
- An Oklahoma investor pays $550,000 for a commercial property producing $44,000 NOI. They finance it with a $400,000 mortgage at a 7.5% annual constant (debt service). What is the annual mortgage debt service?
- An Oklahoma seller paid $3,400 in property taxes for the full year. The property closes on September 30. How much of the property tax is the seller responsible for (Jan 1 - Sep 30 = 273 days, 365-day year)?
- A property is listed at $265,000. After 30 days with no offers, the seller reduces the price by 4%. What is the new listing price?
- A property has an annual NOI of $38,500 and a cap rate of 7.7%. What is the estimated value?
- A property's assessed value is $33,000. The mill rate is 95.5 mills. What are the annual property taxes?
- A property is assessed at 11% of its market value of $400,000. The mill rate is 85 mills. What is the annual property tax?
- A buyer wants to borrow $240,000 at 7% annual interest on a 30-year mortgage. What is the monthly interest due for the first month?
- An Oklahoma agent earns 2.5% as the buyer's agent on a $338,000 sale. The agent keeps 70% and the broker keeps 30%. How much does the agent keep?
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →