Real Estate Math
A commercial building in Ogden has 8,000 rentable square feet at $18/sq ft per year NNN. What is the annual base rent?
A$144,000✓ Correct
B$18,000
C$96,000
D$216,000
Explanation
Annual base rent = 8,000 sq ft × $18/sq ft = $144,000. Using the values given ($18), apply the appropriate formula..
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Gross Rent Multiplier (GRM)
A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
AmortizationThe gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
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