Real Estate Math
An investor bought a Utah triplex for $450,000. After 5 years they sell it for $600,000. What was the total gain?
A$150,000✓ Correct
B$120,000
C$180,000
D$75,000
Explanation
Gain = $600,000 − $450,000 = $150,000. Using the values given ($450,000, $600,000), apply the appropriate formula..
Related Utah Real Estate Math Questions
- A 5-acre parcel sells for $125,000. What is the price per square foot?
- What is the monthly principal and interest payment on a $260,000 loan at 6.5% for 30 years? (Use factor of $6.32 per $1,000 borrowed.)
- A Utah investor uses leverage by putting 20% down on a $500,000 property. The equity at purchase is:
- A Utah listing sells for $498,000. The listing broker and selling broker each receive 3% of the sale price. Each broker splits 60/40 with their agents. How much does the listing agent personally receive?
- A 5-acre parcel in rural Utah sells for $75,000. What is the price per acre?
- A property sold for $625,000. If the market appreciation rate was 4% per year compounded, what was the approximate purchase price 3 years ago?
- A building has a gross leasable area of 12,000 square feet. The owner leases 10,500 square feet. What is the occupancy rate?
- A Utah home sells for $450,000. The listing agent's brokerage earns a 3% commission and the buyer's agent's brokerage earns 3%. What is the total commission?
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →