RENTAL FORMULAS
This simple calculation/"rule" multiplies the purchase price of the property plus any necessary repairs by 1%. The result gives a base level of monthly rent to target.
What is the "1% Rule"?
Kyle Massie bets it all on black in Roulette & wins $1,000,000.00 . He immediately proceeds to pay $962,500.00 IN COLD HARD CASH for a sick Penthouse, he spends $537,500.00 to spruce the place up, uses it once, then turns around and sells it for $2,000,000.00 . What percentage deal did Kyle buy?
What is a 75% Deal?
This figure is often calculated by Real estate agents by adding up all the days on market for the comparable listings in a given area then dividing that by the number of listings
What are "Average DOM’s" (Days on Market)?
What is the national average mortgage rate? (Round to nearest 0.25%)
6.75%
What year was the white house gutted and rebuilt?
1949
(Gross Operating Income + Other Income) - Operating Expenses = ?
What is NET OPERATING INCOME (NOI)?
NET PROFIT/TOTAL COST OF INVESTMENT = ?
What is Return on Investment (ROI)?
You can calculate this value by taking the sold (not listed) price of the home and dividing it by the square footage of the home.
What is "SOLD PRICE PER SQUARE FOOT"?
According to SABOR's Monthly Market Report. What were the Average Days On Market (DOM's) for Single Family Homes in San Antonio for June?
75 Days
The average person movs how many times in their lifetime?
12
(NOI)/(Purchase Price or Market Value) = ?
What is Cap Rate?
Property Taxes, Insurance Payments, Utility Bills & HOA Payments are all examples of what type of costs?
What are "Carrying/Holding" costs?
Incentives that sellers offer buyers to sweeten the pot, such as paying certain fees at closing or offering money for needed repairs are considered what?
What are "Seller Concessions"?
According to SABOR's Monthly Market Report. What was the Average Single Family Home sales price for San Antonio for June?
$392,796
The largest shopping mall in America, "The Mall of America" is owned by a company from which country? (Hint, Not the U.S)
Canada
(Property Price)/(Gross Rental Income) = ?
What is GRM or “Gross Rent Multiplier”?
Realtor Commissions, Seller Concessions, Title Fees, Escrow Fees & Attorney Fees are all examples of what type of costs?
What are "Selling Costs" or "Back-end Closing Costs"?
The final sale price (what a buyer pays for the home) divided by the last list price expressed as a percentage.
What is a "Sale-to-List Ratio" ?
According to SABOR's Monthly Market Report. What were the Average Days On Market (DOM's) for EXISTING Single Family Homes in San Antonio for June?
67 Days
The most expensive home in the US is located in which State?
Florida
Net Operating Income (NOI)/Debt Obligations = ?
What is Debt Service Coverage Ratio (DSCR)?
Origination Points, Monthly Interest Payments, Rehab Draws, Appraisal Fees, Underwriting Fees, Credit Report Fees & Processing Fees are all examples of?
What are "Financing" costs?
VA, Conventional, FHA & CASH are all examples of what?
What are "Sale Terms"?
According to SABOR's Monthly Market Report. What is the % Change from a year go for San Antonio's Average SFH Sales Price.
4%
Which American company used to sell Mail-Order Homes?
Sears