Real Estate Math
A 30-unit apartment building in Salt Lake City has a vacancy rate of 8%. How many units are occupied?
A27.6 units (approximately 28)✓ Correct
B24 units
C22 units
D30 units
Explanation
Occupied units = 30 × (1 − 0.08) = 30 × 0.
Related Utah Real Estate Math Questions
- A property's potential gross income is $84,000/year. Vacancy and collection losses are 6%. Operating expenses are $22,000. What is the NOI?
- A Utah home was purchased for $300,000 and sold for $375,000 three years later. What was the annualized appreciation rate? (Simple calculation)
- A buyer receives a seller credit of $8,500 at closing. The closing costs are $14,200. How much must the buyer bring to closing in addition to their down payment of $55,000?
- If there are 640 acres in a section and land is selling for $3,200/acre, what is the value of the S½ of the NW¼?
- A Utah buyer takes a $320,000 loan at 6.5% for 30 years. Using a monthly factor of $6.32 per $1,000, what is the approximate monthly P&I payment?
- A Utah residential lot measures 0.35 acres. How many square feet is the lot?
- A Utah real estate team of 5 agents closes an average of 3 transactions per agent per month at an average price of $400,000 with a 6% commission split evenly. How much does the team gross per month?
- An investment property generates $48,000 NOI. Debt service (mortgage payments) totals $32,000 annually. What is the annual cash flow before taxes?
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →