Real Estate Math
A Wisconsin home appraised at $310,000. The comparable sold for $325,000 but has a 2-car garage worth $8,000 that the subject lacks. After adjustment, the comparable indicates a value of:
A$307,000
B$317,000✓ Correct
C$333,000
D$325,000
Explanation
The comparable is superior (has a 2-car garage the subject lacks), so adjust the comparable down by $8,000: $325,000 - $8,000 = $317,000.
Related Wisconsin Real Estate Math Questions
- A Wisconsin home is on a rectangular lot measuring 75 feet wide and 130 feet deep. The home occupies 1,800 square feet. What percentage of the lot does the home cover?
- A Wisconsin rental property generates gross income of $96,000, has a 6% vacancy, and operating expenses of $38,000. What is the NOI?
- A Wisconsin commercial building has an annual gross income of $180,000, a 10% vacancy allowance, and $65,000 in operating expenses. What is the NOI?
- A Wisconsin investor wants a minimum 10% cap rate on a $375,000 property. What minimum annual NOI is required?
- A Wisconsin property sells for $425,000. The buyer puts down 15% and pays 2 discount points on the loan. How much are the discount points?
- A Wisconsin buyer receives a seller credit of $5,000 at closing on a $280,000 purchase. If they put 20% down and borrow the rest, their actual cash at closing (excluding other costs) is:
- A Wisconsin duplex has two units each renting for $950/month. After a 7% vacancy factor and $12,000 annual expenses, what is the annual NOI?
- A Wisconsin homeowner's equity in their $350,000 home is $105,000. What is the LTV of their mortgage?
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →