Real Estate Math
A South Carolina commercial property has a NOI of $45,000 and a cap rate of 7.5%. What is the estimated property value?
A$337,500
B$600,000✓ Correct
C$450,000
D$675,000
Explanation
Value = NOI / Cap Rate = $45,000 / 0.075 = $600,000.
Related South Carolina Real Estate Math Questions
- A South Carolina owner received $187,500 net after paying a 6.25% commission. What was the sale price?
- A South Carolina buyer must pay $4,625 in transfer taxes at closing. What was the approximate sale price?
- A South Carolina homeowner paid $265,000 three years ago and invested $35,000 in improvements. The home now sells for $350,000 with 5% commission. What is the net gain?
- A South Carolina property sold for $308,000. The deed transfer tax is $1.85 per $500. How many $500 units are there in the sale price?
- A South Carolina property manager charges 8% of collected rent as a management fee. If monthly rent is $1,800 and the unit is vacant for 2 months, what is the annual management fee?
- A South Carolina buyer puts 3.5% down on a $220,000 FHA purchase. What is the down payment?
- What is the annual property tax on a South Carolina home valued at $200,000 with a 4% legal residence assessment ratio and a millage rate of 300?
- A South Carolina agent's annual income goal is $90,000. If the average commission per transaction is $4,500, how many transactions must they close per year?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →