David Saks: June 2014

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Today's Real Estate Math Quiz 06/16/2014

Try this one:

What is the gross yearly income of a property that has six apartments, two apartments paying a monthly rental of $550 each, two apartments paying a monthly rental of $750 each, and two apartments paying a monthly rental of $900 a month each ?

Remember to add...take your time...the answer is posted below the wildlife photo and the comment feature has been disabled to prevent your work to find a solution from being spoiled for you.

wildlife

$52,800

Add 550 plus 750 plus 9 and you get $2200.

Double that figure (2 times $2200) because there are two apartments rented at each of the three price levels, and you get $4400.

Multiply $4400 times 12 months and you've got $52,800 gross yearly income.

Good math review will get you over the hump.




David Saks



Time&Temp Memphis

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Comment balloon 6 commentsDavid Saks • June 16 2014 02:18PM
Today's Real Estate Math Quiz 06/16/2014
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