Real Estate Math
An Oregon home was purchased 5 years ago for $320,000. It has appreciated at an average of 4% per year. What is the approximate current value?
A$384,000
B$320,000✓ Correct
C$400,000
D$375,000
Explanation
Using compound appreciation: $320,000 × (1.04)^5 = $320,000 × 1.
Related Oregon Real Estate Math Questions
- A property's annual NOI is $48,000. Market cap rates for similar properties are 8%. Using the income approach, what is the estimated value?
- A buyer purchases a property at $340,000. The seller paid the buyer's closing costs of $6,800 and the 5.5% commission from the proceeds. What are the seller's total closing costs?
- An Oregon homeowner bought their home 5 years ago for $350,000 and is selling it today for $520,000. Selling costs (commission + closing costs) were 7% of the sale price. What is the net profit from the sale (excluding taxes)?
- A buyer's annual loan payment is $24,000. The original loan amount was $320,000 at 6% interest. After the first year, approximately how much principal has been paid?
- What is the total interest paid on a $200,000 loan at 5% for 30 years with a monthly payment of $1,073.64?
- A Medford, Oregon apartment building has 10 units renting at $950/month. The annual vacancy rate is 5%. What is the effective gross income?
- An investor purchases an apartment building for $1,200,000. The annual NOI is $96,000. What is the cap rate?
- An Oregon property has a gross rent multiplier (GRM) of 120. The monthly rent is $2,500. What is the estimated value?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →