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Flashcards in Math Formulas Deck (11)
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1

Property Tax

Appraised Value
X Assessed Rate
__________________
Assessed Value
X Tax Rate
____________________
Taxes Due

2

Net Operating Income

Gross Income
- Expenses
____________________
Net Operating Income (annual)

3

Cap Rate (Rate of return)

Value ("Falue")
X Cap Rate
____________________
Net Operating Income (NOI)

4

Income Tax (Investment Property)

Adjusted Cost Basis =
Cost + Improvements - Depreciation

5

Income Tax (Capital Gains)

Adjusted Selling Price*
- Cost Basis (what you bought it for)
- Cost of Selling
- Improvements
_______________________________________
Capital Gains

*You can only lower the selling price by the amount of "fix up" expenses incurred within the 90 days prior to accepting the offer.

6

F R L

100% F $ (First)
R % (Rate)
_______________
L $ (Last)
1. What did you do?
2. What came first?
3. How much was it (first thing)?
4. What came last?
5. How much was it (last thing)?
6. What rate is equal to L (last thing)?

7

AREA
(Square feet, square miles, etc.)

Length X Width = Area

For triangular shape, L x W / 2

8

LTVR
(Loan To Value Ratio)

Note: use the total of all loans

Loan / Value = LTVR (a %)

9

GRM
Gross Rent Multiplier

Selling Price / Gross Rents = GRM

10

1 yard =

1 square yard =

1 cubic yard =

Section =

1 yard = 3 linear feet

1 square yard = 9 square feet

1 cubic yard = 27 cubic feet

Section = 1 square mile

11

1 acre =

1 mile =

Section = (acres)

Township =

1 acre = 43,560 square feet

1 mile = 5,280 feet

Section = 640 acres

Township = 36 square miles