Real Estate Math
A rectangular parcel measures 330 feet by 660 feet. How many acres does it contain?
A2 acres
B4 acres
C5 acres
D5.5 acres✓ Correct
Explanation
Area = 330 × 660 = 217,800 sq ft. Acres = 217,800 ÷ 43,560 = 5 acres.0 acres. Answer: 5 acres (option C). Verify: 1 mile = 5,280 ft; 1/16 section = 330×660 = 5 acres.
Related Tennessee Real Estate Math Questions
- A buyer obtains a $240,000 mortgage at 6% annual interest. What is the first month's interest payment?
- A Tennessee property sells for $340,000. The Tennessee recordation tax is $0.37 per $100 of consideration. What is the total recordation tax?
- A Nashville commercial building has an NOI of $90,000 and is purchased at a 7.5% cap rate. What is the purchase price?
- A property generates monthly rent of $2,500. The broker manages it for 8% of collected rents. What is the annual management fee?
- A Tennessee homeowner refinances to lower their monthly payment from $1,450 to $1,280. How much do they save annually?
- An investor's property has gross potential income of $96,000 per year. Vacancy is 5%, and expenses are $28,000. If the investor purchases it at a 7% cap rate, what is the purchase price?
- A Tennessee buyer's gross monthly income is $7,200. Using a 43% back-end DTI limit, what is the maximum total monthly debt payment allowed?
- What is the annual depreciation on a residential income property purchased for $280,000 (land value $30,000) using IRS straight-line depreciation over 27.5 years?
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →