Real Estate Math
A South Dakota property increases in value from $175,000 to $210,000. What is the percentage increase in value?
A17.2%
B19.5%
C20%✓ Correct
D16.7%
Explanation
Percentage increase = (New Value - Original Value) ÷ Original Value × 100 = ($210,000 - $175,000) ÷ $175,000 × 100 = $35,000 ÷ $175,000 × 100 = 20%.
Related South Dakota Real Estate Math Questions
- In South Dakota, a building costs $600,000 new and has an economic life of 50 years. After 15 years, what is the depreciated value using straight-line depreciation (land not included)?
- A South Dakota investment property has a purchase price of $400,000 and an annual NOI of $36,000. What is the cap rate?
- A South Dakota seller nets $280,000 after paying a 6% commission. What was the sale price?
- A South Dakota commercial building costs $850,000. The land is valued at $150,000. Using straight-line depreciation over 39 years, what is the annual depreciation deduction?
- A South Dakota property sells for $460,000. The seller pays a 5.5% commission. How much is the commission?
- A South Dakota property's annual rent is $24,000. The property management fee is 10%. What is the annual management fee?
- A South Dakota investor purchases a rental property for $150,000 with a $30,000 down payment. Annual net income is $18,000. What is the cash-on-cash return?
- A South Dakota buyer's offer is $345,000 for a property appraised at $330,000. The lender will loan 80% of the appraised value. How much will the buyer need in cash at closing (down payment + gap)?
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →