Real Estate Math
A Wisconsin property has a gross income of $60,000, vacancy loss of $4,500, and operating expenses of $22,000. What is the NOI?
A$30,500
B$33,500✓ Correct
C$37,500
D$55,500
Explanation
NOI = Gross Income - Vacancy - Operating Expenses = $60,000 - $4,500 - $22,000 = $33,500. Using the values given ($60,000,, $4,500,), apply the appropriate formula.. The correct answer is $33,500.. This is a common calculation on the Wisconsin real estate exam.
Related Wisconsin Real Estate Math Questions
- A Wisconsin property with a market value of $310,000 is assessed at 95% of market value. The mill rate is 20 mills. What is the annual property tax?
- A Wisconsin property is listed at $449,000 and appraised at $445,000. A lender will loan 80% of the appraised value. What is the minimum down payment if the buyer pays the listing price?
- A Wisconsin homeowner wants to add a deck costing $15,000. An appraiser estimates the deck will add $9,000 in value. What is the cost-value ratio for this improvement?
- A Wisconsin property manager collects $12,500/month in rents and charges a 7% management fee. What is the annual management fee?
- A Wisconsin property was purchased for $240,000 and sold 5 years later for $288,000. What is the total percentage appreciation?
- A Wisconsin 6-unit building rents each unit at $775/month. Annual operating expenses are $18,600. With a 5% vacancy rate, what is the annual NOI?
- A Wisconsin property with a market value of $180,000 is assessed at 95% of market value. The tax rate is 22 mills. What is the annual tax?
- A Wisconsin leased commercial space is 4,500 sq ft at $18/sq ft annually. What is the monthly rent?
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →