Real Estate Math第 118 / 120 题
A rectangular house has exterior dimensions of 40 feet by 50 feet. If construction costs $120 per square foot, what is the estimated construction cost?
a.$96,000
b.$240,000
c.$24,000
d.$2,400,000
解析
The area is 40 x 50 = 2,000 square feet. Multiply by the cost per square foot: 2,000 x $120 = $240,000.
免费刷完整 120 道题库 — 无需注册。
同考点相关题目
- A loan of $200,000 carries a 6% annual interest rate. How much is the interest for the FIRST month (simple interest)?
- A property is assessed at $180,000 and the tax rate is $2.50 per $100 of assessed value. What is the annual property tax?
- An investor's rental property produces net operating income (NOI) of $24,000 per year. Using a capitalization rate of 8%, what is the indicated value?
- A seller wants to net $190,000 after paying a 5% commission (and no other costs). What must the sales price be, rounded to the nearest dollar?
- A buyer obtains a loan with an 80% loan-to-value ratio on a $325,000 purchase. How much is the loan amount?
- Monthly rent is $1,500 and the annual gross rent multiplier (GRM) for comparable properties is 12 times ANNUAL rent. What is the indicated property value?