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Formulas To Know
NA
16
Real Estate & Planning
Graduate
10/11/2013

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Prepaid Rent
Definition
Rent For Month/Days in Month = Daily Rent Rate
Daily Rent Rate * Number of Days Owned In Month = Prorated Amount.

R/Y = D
D*DL = PRO
Term
Unpaid Property Taxes
Definition
Annual Taxes/365 = Daily Taxes
Daily Taxes * Days In Month = Prorated Taxes

(T/Y) = DT
(DT*DL) = PRT
Term
Interest on Assumed Mortgage
Definition
Loan Balance * Annual Interest / 12 = Interest For Month
Interest For Month / Days In Month = Daily Interest Rate
Daily Interest * Days In Month = Prorated

(L*I) / 12 = IM
(IM/DL) = DI
(DI*DL) = PRO
Term
Documentary Stamps On Deeds
Definition
Price / 100 = Number of Stamps
Number of Stamps * .7 = Cost of Doc

(P/100) = SN
(SN*.7) = SC
Term
Documentary Stamps On Notes
Definition
Price /100 = #of stamps
#of stamps * .3 = Cost of notes

(P/100) = SN
(SN*.3) = CN
Term
Intangible Tax On Mortgage
Definition
Loan Amount * .02 = Intangible Cost
L*.02 = IC
Term
Accrued Depreciation
Definition
EFA / ECA * Reproduction = Accured Depreciation

(EFA/ECA) * R = AD
Term
Net Operating Income
Definition
Potential gross income - Vacancy and collection loss + other non rental income = Effective Gross Income

EGI - Operating Expenses = Net Operation Expenses

(PGI - V) + Other = EGI
EGI - OE = NOI
Term
IRV Formulas
Definition
NOI / Capitalization Rate = Value
NOI/ Value (sales price) = Capitalization Rate
Capitalization rate * Value = NOI
Term
Gross Rent Multiplier
Definition
Sales Price / Monthly Rent = Gross Rent Multiplier GRM
Subjects Monthly Rent * Market GRM = Value

S/MR = GRM
SMR * GRM = V
Term
Gross Income Multiplier
Definition
Sales Price / Annual Gross Income = Gross Income Multiplier GIM

Subjects Annual Gross Income * Market GIM = Value
Term
Property Taxes Formulas
Definition
Annual Property Taxes Due
Asessed Value - Exemptions = Taxable Value
Taxable Value * Tax Rate = Property Tax Due

Property Savings Tax
Total exemptions * Tax rate - Property Tax Savings
Term
Real Estate Services
Definition
A BAR SALE
Advertise
Buy
Appraise
Rent

Sell
Auction
Lease
Exchange
Term
Operating Income of a Propety
Definition
I = Net Operating Income
R = Capitalization Rate
V = Value

IRV = Income/Rate = Value
Value = Income/Rate
Income = Rate x Value
Rate = Income / Value
Term
Operating Income of a Propety
Definition
I = Net Operating Income
R = Capitalization Rate
V = Value

IRV = Income/Rate = Value
Value = Income/Rate
Income = Rate x Value
Rate = Income / Value
Term
Gross Rent Multiplier
Definition
Value = Market Rent * GRM
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