Real Estate Math
A Utah property has operating expenses of $28,000/year and an expense ratio of 35%. What is the EGI?
A$72,000
B$80,000✓ Correct
C$70,000
D$77,143
Explanation
Expense ratio = Operating Expenses / EGI. EGI = Operating Expenses / Expense Ratio = $28,000 / 0.
Related Utah Real Estate Math Questions
- A buyer's total monthly debt payments are $2,100, including the new mortgage. Their gross income is $7,000/month. What is the back-end (total) DTI?
- A property assessed at $280,000 (at 55% of market value) has a tax rate of 0.0085 (0.85%). What are the annual property taxes?
- 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 landlord purchased a rental property for $500,000. Annual NOI is $40,000 and debt service is $28,000. What is the debt coverage ratio (DCR)?
- A Utah seller agreed to pay a 5.5% commission on a sale price of $460,000. What is the total commission?
- 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 broker charges a $500 transaction fee on every closed deal in addition to the commission percentage. In a month with 12 closings, how much is collected in transaction fees?
- A Utah investor uses leverage by putting 20% down on a $500,000 property. The equity at purchase is:
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →