Real Estate Math
A South Dakota rectangular commercial lot is 200 feet wide by 300 feet deep. What is the lot area in square feet?
A500 sq ft
B6,000 sq ft
C60,000 sq ft✓ Correct
D600,000 sq ft
Explanation
Area = 200 ft × 300 ft = 60,000 square feet. Remember: 1 acre = 43,560 square feet.
Related South Dakota Real Estate Math Questions
- A South Dakota home buyer's gross monthly income is $6,000. Using a 28% front-end ratio, what is the maximum monthly PITI payment the lender will allow?
- A South Dakota commercial building cost $1,200,000 to construct. It has a 40-year economic life and straight-line depreciation. What is the annual depreciation amount?
- A South Dakota property was appraised at $320,000. The property is assessed at 85% of appraised value. What is the assessed value?
- A buyer in South Dakota wants to purchase a $300,000 home with a 10% down payment. What is the loan-to-value ratio?
- A property in Sioux Falls has an annual NOI of $56,000 and sells at a 7% cap rate. What is the sale price?
- A rectangular agricultural parcel in South Dakota measures 1/2 mile by 1/4 mile. How many acres does it contain? (1 section = 640 acres)
- A property has a net operating income (NOI) of $24,000 per year. If the capitalization rate is 8%, what is the estimated value of the property?
- A South Dakota section of land (640 acres) sells for $2,560,000. What is the price per acre?
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 →