Real Estate Math
A Rhode Island investor wants a 10% return on a $500,000 investment. What annual NOI must the property generate?
A$40,000
B$45,000
C$50,000✓ Correct
D$55,000
Explanation
Required NOI = Investment x Required Return = $500,000 x 0.10 = $50,000.
Related Rhode Island Real Estate Math Questions
- A Rhode Island investment property generates annual gross rents of $48,000. Operating expenses are $18,000 and vacancy is 5%. What is the NOI?
- A Rhode Island broker earns a 5% commission on a $320,000 sale. How much is the commission?
- A RI Realty Transfer Tax must be paid on a $600,000 sale. At $2.30 per $500, what is the total tax?
- A Rhode Island property has a tax rate of $18.75 per $1,000. If the property is assessed at $310,000, what is the annual tax?
- A Rhode Island homeowner purchased their home for $275,000 and is selling it for $365,000. What is the gross profit?
- A home is listed for $260,000 and sells for $248,000. The total commission is 6%, split 50/50 between listing and buyer's broker. If the listing agent earns 55% of their broker's half, what does the listing agent earn?
- A Rhode Island property has an assessed value of $195,000. The property tax rate is $14.20 per $1,000 of assessed value. What is the annual property tax?
- A buyer takes out a $210,000 mortgage at 6.5% annual interest. What is the interest portion of the first monthly payment?
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →