Multifamily Course Practice Quiz
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Question 1 of 14
1. Question
1 point(s)A property you are analyzing has a total gross income of $60,000. The expenses are $30,000. What is the NOI?
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Question 2 of 14
2. Question
1 point(s)A property you are analyzing is running a 60% expense ratio on $100,000 gross income. What is the NOI?
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Question 3 of 14
3. Question
1 point(s)Last year your property had a total gross income of $250,000. You had $125,000 in expenses. What was your expense ratio?
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Question 4 of 14
4. Question
1 point(s)Last year your property had a 40% expense ratio. The property had a gross income of $400,000. How much were expenses?
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Question 5 of 14
5. Question
1 point(s)Your lender said they’d provide 80% LTV on a $1,000,000 property. How much equity will need you to take down the deal?
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Question 6 of 14
6. Question
1 point(s)You need to put $150,000 down and were given 75% LTV. What is the purchase price of the property?
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Question 7 of 14
7. Question
1 point(s)You’re analyzing a B Class property and are trying to determine what the value is. The NOI is $115,000, and similar class B properties are trading at 7.5% cap rates. With this info, what is the property’s value?
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Question 8 of 14
8. Question
1 point(s)You’re analyzing a C Class property and are trying to determine what the value is. The NOI is $425,000, and similar class C properties are trading at 8.5% cap rates. With this info, what is the property’s value?
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Question 9 of 14
9. Question
1 point(s)You’re analyzing a small C Class property and are trying to determine what the value is. The NOI is $18,000, and similar class C properties are trading at 9% cap rates. With this info, what is the property’s value?
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Question 10 of 14
10. Question
1 point(s)Which property will most likely have a higher cap rate?
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Question 11 of 14
11. Question
1 point(s)You have a small property under contract at $200,000, in which you plan to pay cash. The property’s NOI is $10,000. What will your Cash on Cash Return be?
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Question 12 of 14
12. Question
1 point(s)You have a property under contract at $1,575,000. Your lender approved you for 75% LTV. Your yearly debt service is $75,000. The property’s NOI is $176,000. What will your Cash on Cash Return be?
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Question 13 of 14
13. Question
1 point(s)If your DSCR was only .92; the NOI could only cover ______ % of the mortgage payments?
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Question 14 of 14
14. Question
1 point(s)You’re analyzing a property that has an NOI of $54,000 and your debt service is $27,000 a year. What’s the DSCR?
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