real estate math: Real Estate Math Class : Lesson 200 - 01/18/09 09:51 PM
A farm earns $36,000 net after allowing for all expenses. The buyer wants a 6% return on the investment. What would the buyer pay for the farm to net a 6% return on the investment?
A. $600,000
36000 net/0.06 or 6% return on the investment=600,000 paid for the … (0 comments)
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real estate math: Real Estate Math Class : Lesson 199 - 01/18/09 08:10 PM
A salesman's half of a 5% commission for the sale of a 320 acre ranch at a cost of $1750 an acre would equal how much at settlement ?
A. $14,000
320 acrestimes1750 an acre=560000 total cost for the ranchtimes0.05 or 5% commission rate=28000 in total commissiondivided by2=14000 … (0 comments)
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real estate math: Real Estate Math Class : Lesson 198 - 01/11/09 05:49 AM
What is the cost of a lot 264 feet wide by 660 feet deep at a cost of 80000 dolars an acre ?
Please take your time. The solution is posted below the wildlife photo.
A. $320,000
264 feettimes660 feet=174240 square feetdivided by43560 square feet (the number of … (0 comments)
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real estate math: Real Estate Math Class : Lesson 197 - 01/11/09 05:43 AM
If an apartment house cost $420,000, and it has a net income of $2800 per month, what percent would the apartment house return on the investment?
Take your time. The solution is posted below the wildlife photo.
A. 8%
2800 a monthtimes12months=33600 a yeardivided420000 cost of the building=0.08 … (0 comments)
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real estate math: Real Estate Math Class : Lesson 196 - 01/11/09 05:37 AM
A forty acre orchard sold for $22,000 an acre.The profit the seller made over the cost of the property was 10%.How much did the seller pay for the orchard ?
Take your time. The solution is posted below the wildlife photo.
A. $880,000
Multiply 22k times 40 and … (0 comments)
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real estate math: Real Estate Math Class : Lesson 195 - 01/11/09 05:31 AM
I leased a storeroom to a business owner on a percentage basis.The lease calls for a monimun monthly rental of $4000 per month and 5% of the gross monthly business over $800,000.How much rent would I receive annually from the businessman if the businessman did a gross annual business … (0 comments)
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real estate math: Real Estate Math Class : Lesson 194 - 01/11/09 05:25 AM
A real estate transaction closes on September 12, 2009.The taxes for 2009 are $8752.40 and they haven't been paid yet.They have to paid by the purchaser.When the taxes are prorated for the claendar year, what is the amount that has already been paid, and will this amount be a … (0 comments)
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real estate math: Real Estate Math Class : Lesson 193 - 01/11/09 05:20 AM
If a buyer purchased an apartment building for $400,000 and the total amount of the rents received amounted to $60,000 annually, and his annual expenses were $20,000, what is the rate of return his investment will pay ?
Take your time. The solution is posted below the wildlife photo.
… (0 comments)
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real estate math: Real Estate Math Class : Lesson 192 - 01/11/09 05:18 AM
What would be the annual rate of interest on a $42,000 loan if the quarterly interest payments are $577.50 per quarter ?
Take your time. The solution is posted below the wildlife photo.
A. 5.5%
577.5 quarterly interesttimes4 quarters=2310 total interest per yeardivided by42000 loan amount=0.055 interst rate or … (0 comments)
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real estate math: Real Estate Math Class : Lesson 191 - 01/11/09 05:14 AM
An owner owns a building that gives him a gross income of $3,250 per month.His average monthly expenses are $1550 per month.Would would be the owners net income per year on the property considering these variables ?
Please take your time. The solution is posted below the wildlife photo.
… (0 comments)
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real estate math: Real Estate Math Class : Lesson 190 - 01/11/09 05:04 AM
A lot 65 feet wide and 150 feet deep sold for $76,700.
What was the price of the lot per front foot ?
Take your time. The solution is below the wildlife photo.
A. $1180 per front foot
This is really pretty simple and shouldn't consume too much … (0 comments)
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real estate math: Real Estate Math Class : Lesson 189 - 01/11/09 04:50 AM
The commission rate has been established for selling an apartment house and was set at five percent of the first 15 thousand dollars, and three percent of the next 20 thousand dollars. The commission rate on the balance was 1.5 percent.The broker received a commission payment of $1,710.What was … (0 comments)
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real estate math: Real Estate Math Class : Lesson 188 - 01/03/09 10:40 PM
A broker sold a lot 125 feet wide by 160 feet deep for $1.70 per square foot.The buyer paved the lot at a cost of $22.50 per front foot.What is the total amount that the buyer would have to ask for the property if he wants to make a … (0 comments)
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real estate math: Real Estate Math Class : Lesson 187 - 01/03/09 10:35 PM
An apartment building has a gross income of $11,340 per month and annual expenses of $25,000.What is the proce a buyer would pay for the building to receive a net return of 8% on his investment ?Please take your time. The solution is posted below the wildlife photo.
A. … (0 comments)
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real estate math: Real Estate Math Class : Lesson 186 - 01/03/09 09:39 PM
What would be the depth of a rectangular lot containing 1080 square yards with a frontage of 90 feet ?Take your time. The answer is posted below the wildlife photo.
A. 108 square yards
First find out how many square yards equal 90 feet by dividing 9 (the … (0 comments)
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real estate math: Real Estate Math Class : Lesson 185 - 01/03/09 09:31 PM
A seller wants to trade his residence at a price of $157,500 subject to a mortgage with a balance of $62,400 for a multi-family housing unit with a price of $623,500 with a mortgage of $366,750.What's the amount of the total cash difference ?Remember to take your time. The … (0 comments)
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real estate math: Real Estate Math Class : Lesson 184 - 01/03/09 09:11 PM
The selling price of a home was $930,000.The broker agreed to a commission of 5%.Other charges applied from escrow amounted to $9500.How much money did the seller receive at closing ?
Remember to take your time. The solution is posted below the wildlife photo.
A. $874,000Let's find out … (0 comments)
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real estate math: Real Estate Math Class : Lesson 183 - 01/03/09 08:58 PM
If the interest rate is 4.5% and the monthly interest payment is $212.50, what is the principal sum due ?
Please take your time. The solution is posted below the wildlife photo.
A.$56,666.66
Easy !Multiply $212.50 times twelve months to get $2550 total interst payment and divide $2550 … (0 comments)
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real estate math: Real Estate Math Class : Lesson 182 - 01/03/09 08:51 PM
A man bought two 60 foot lots for thirty thousand dollars each and decided to divide them into three lots consisting of equal frontage. He sold each lot for $24,000.What the percentage of his gross profit ?
Please take your time. The soluton is posted below the wildlife photo.
… (0 comments)
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real estate math: Real Estate Math Class : Lesson 181 - 01/03/09 07:59 PM
What is the interest on $80,000 at 4.5 % per annum for nine months and fifteen days using a bankers calendar (360 days)?
Please take your time. The solution is posted below the wildlife photo.
A. $2850
Let's multiply the interest rate times the loan amount, 80,000 times … (0 comments)
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