Math Flashcards
1
Q
Cost Approach
A
Cost to replace - cost of depreciation + value of land
2
Q
Cap Rate
A
Net operating income / property value = CR
3
Q
Acre
A
43,560 sqft
4
Q
Area of a Triangle
A
1/2 base x height = Area
5
Q
Mile
A
5,280 ft / sq mile = 640 acres
6
Q
Age-life Depreciation
A
age of property / total useful life = depreciation %
7
Q
Annual Interest
A
AI = Principal x interest rate
8
Q
Assessed Value
A
AV = limited property value x assessment rate
9
Q
Debt Service Coverage Ratio
A
NOI / total debt service
10
Q
DTI
A
DTI = (Monthly payment + other debt) / monthly income
11
Q
Depreciation Cost
A
Reproduction cost x depreciation %
12
Q
IRV
A
NOI (I) / CR (R) = value (V)
13
Q
Net Operating Income (NOI)
A
Est gross income - operating expenses
14
Q
Part
A
Total x percentage = part
15
Q
Property Tax
A
number of mills x tax rate
