Property Valuation
A South Carolina property has a capitalization rate of 8.5% and a value of $750,000. What is the property's estimated NOI?
A$56,250
B$61,750
C$63,750✓ Correct
D$68,750
Explanation
NOI = Value × Cap Rate = $750,000 × 8.5% = $750,000 × 0.085 = $63,750. To solve this, multiply the relevant values: $750,000 at 8.5%.. The correct answer is $63,750.. This is a common calculation on the South Carolina real estate exam.
Related South Carolina Property Valuation Questions
- In South Carolina, what is 'accrued depreciation' in appraisal?
- Which appraisal approach is most appropriate for a new elementary school in Columbia, SC?
- In South Carolina, what term describes the process of adjusting a comparable sale's price to account for differences with the subject property?
- In South Carolina, the 'principle of balance' in appraisal holds that:
- The 'principle of anticipation' in South Carolina real estate appraisal states that value is based on:
- Which approach to value is most appropriate for appraising a single-family residence in a South Carolina suburb?
- In South Carolina, real property taxes are calculated by multiplying the assessed value by:
- In South Carolina, the 'market value' of a property differs from 'market price' in that:
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 →