Real Estate Math
A Wyoming investment property has a gross rent of $48,000/year and a vacancy rate of 5%. What is the effective gross income?
A$43,200
B$45,000
C$45,600✓ Correct
D$46,800
Explanation
Vacancy loss = $48,000 × 5% = $2,400. Effective Gross Income = $48,000 − $2,400 = $45,600. To solve this, multiply the relevant values: $48,000 at 5%.. The correct answer is $45,600.. This is a common calculation on the Wyoming real estate exam.
Related Wyoming Real Estate Math Questions
- A Wyoming building contains 12,000 square feet and rents for $18 per square foot annually. The vacancy rate is 10%. What is the effective gross income?
- A Wyoming listing broker charges a 6% commission on a $425,000 sale, split 50/50. How much does each side receive?
- A Wyoming house has 2,400 square feet of living space and 600 square feet of garage. If the price is $360,000, what is the price per square foot of living area?
- A Wyoming buyer finances $270,000 at 6% for 30 years. The approximate monthly P&I payment is $1,619. In the first month, how much of the payment goes to principal?
- A Wyoming salesperson earns 60% of their broker's 3% commission on a $380,000 sale. How much does the salesperson earn?
- A Wyoming property rents for $1,800/month. If the gross rent multiplier is 120, what is the estimated property value?
- A Wyoming home sells for $275,000 with a 4% buyer's agent commission. How much does the buyer's agent earn?
- A Wyoming home closes on September 1. Annual property taxes of $3,600 are paid in arrears on December 31. Using a 360-day year, how much does the seller owe the buyer in prorated taxes at closing?
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →