Real Estate Math
A Wisconsin property's NOI is $55,000 and its value is $700,000. What is the cap rate?
A6.5%
B7.0%
C7.5%
D7.86%✓ Correct
Explanation
Cap rate = NOI / Value = $55,000 / $700,000 = 7.857% ≈ 7.
Related Wisconsin Real Estate Math Questions
- A Wisconsin property has a market value of $420,000. The first mortgage balance is $280,000. The second mortgage balance is $60,000. What is the combined LTV?
- A Wisconsin rectangular lot is 1 acre. Given that 1 acre = 43,560 sq ft, if the lot is 165 feet wide, how deep is it?
- A Wisconsin property owner depreciates a $360,000 commercial building (land = $60,000) over 39 years. What is the annual depreciation?
- A Wisconsin broker charges a 6% commission on a $400,000 sale. The listing and selling offices split the commission 50/50. The listing salesperson earns 60% of the listing office's share. What does the listing salesperson earn?
- A Wisconsin property is listed for $389,900 and sells for $377,000. What percentage of list price did it sell for (rounded to one decimal)?
- A Wisconsin seller wants to net $225,000 after a 6% commission. What is the minimum sale price needed?
- A Wisconsin property is assessed at $180,000. The assessment ratio is 90% of market value. What is the estimated market value?
- A Wisconsin listing agent negotiates a 6% commission on a $385,000 sale. The cooperating broker receives 50% of the total commission. The cooperating broker's agent earns 60% of the cooperating broker's share. How much does the cooperating agent earn?
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →