Real Estate Math
A Wisconsin commercial tenant pays $18 per square foot per year for 2,500 square feet. What is the monthly rent?
A$3,250
B$3,750✓ Correct
C$3,900
D$4,500
Explanation
Annual rent = 2,500 × $18 = $45,000. Monthly rent = $45,000 ÷ 12 = $3,750.
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Key Terms to Know
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.
Math Concepts
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