Real Estate Math
A Washington property has a potential gross income of $150,000, vacancy of 7%, and operating expenses of 42% of EGI. What is the NOI?
A$81,165✓ Correct
B$87,000
C$63,000
D$72,000
Explanation
EGI = $150,000 × (1 – 0.07) = $150,000 × 0.93 = $139,500. Operating expenses = $139,500 × 42% = $58,590.42 = $58,590. NOI = $139,500 – $58,590 = $80,910. The
Related Washington Real Estate Math Questions
- A Washington property owner sells land for $280,000 on an installment sale. 30% is down and the balance is financed at 6% for 10 years. What is the initial down payment?
- A Washington buyer's monthly gross income is $9,500 and they have a car payment of $450/month. The lender applies a 43% DTI limit. What is the maximum allowable monthly housing payment (PITI)?
- A Washington property's annual insurance premium is $2,400 and property taxes are $5,760. At closing on June 1, the seller's insurance is paid through December 31. How much is credited to the seller for insurance?
- A Washington investor buys a duplex for $480,000. Each unit rents for $1,800/month. What is the annual gross rent multiplier (GRM)?
- A lender requires a minimum LTV of 75% for a commercial loan. The property appraises at $800,000. What is the maximum loan amount?
- A Washington broker received a 6% commission on a sale and split it 60% listing / 40% selling. The listing broker retained $21,600. What was the sale price?
- A Washington duplex is purchased for $570,000 with 20% down. The annual interest rate is 6.75%. Monthly interest-only payment is:
- A buyer purchases a property for $350,000 with a 10% down payment. Two years later, the property is worth $420,000. What is the percentage increase in value?
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →