Real Estate Math
A Vermont buyer's total monthly debt payments are $2,400, and their gross monthly income is $8,000. What is their total DTI ratio?
A25%
B30%✓ Correct
C35%
D40%
Explanation
DTI = Monthly Debt / Gross Monthly Income = $2,400 / $8,000 = 0.30 = 30%. Using the values given ($2,400,, $8,000), apply the appropriate formula.. The correct answer is 30%.. This is a common calculation on the Vermont real estate exam.
Related Vermont Real Estate Math Questions
- A seller lists a Vermont property for $420,000 and agrees to pay a 5% commission. The property sells for $408,000. How much is the total commission?
- A Vermont investment property has a gross monthly rent of $2,800. The gross rent multiplier (GRM) for comparable properties is 145. What is the estimated market value?
- A Vermont property's annual NOI is $54,000. If the cap rate is 6.5%, what is the property's estimated value?
- A 1-acre lot sells for $65,000 in Vermont. What is the price per square foot? (1 acre = 43,560 sq ft)
- A Vermont property depreciates at a rate of 2.5% per year. If the building component is valued at $240,000, what is the annual depreciation?
- A Vermont commercial property has annual gross rents of $180,000, a vacancy rate of 6%, and operating expenses equal to 35% of effective gross income. What is the NOI?
- A Vermont real estate agent sells 18 properties in a year at an average price of $325,000. If the agent earns 2.5% commission on each, what is their total annual commission income?
- A Vermont seller nets $315,000 after paying a 5% commission on the sale. What was the sale price?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →