Real Estate Math
A Wyoming property has an effective gross income of $95,000 and operating expenses equal to 42% of EGI. What is the NOI?
A$39,900
B$55,100✓ Correct
C$63,000
D$95,000
Explanation
Operating expenses = $95,000 x 42% = $39,900. NOI = $95,000 - $39,900 = $55,100.
Related Wyoming Real Estate Math Questions
- A Wyoming property's NOI is $42,000 per year. Using a 7% cap rate, what is the estimated value?
- A Wyoming home has a monthly PITI of $1,750. The breakdown is: P&I = $1,200, taxes = $350, insurance = $200. What percentage of PITI is the principal and interest payment?
- A Wyoming property has a market value of $600,000 and an LTV of 75%. What is the loan amount?
- A Wyoming listing agreement has an expiration date 90 days from signing. If signed on March 1, when does it expire?
- A Wyoming listing agreement calls for a 5.5% commission. The property sells for $410,000. What is the total commission?
- A Wyoming investor earns $1,800 per month rent on a property purchased for $216,000. What is the annual gross rent multiplier (GRM)?
- A Wyoming buyer takes out a $200,000 mortgage at 7% annual interest. What is the first month's interest payment?
- A Wyoming seller accepts an offer of $415,000. After a 6% commission and $3,500 in other seller closing costs, what does the seller net?
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →