# Real Estate Math Equations

### 10 terms by brittanyray

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PITI = Qualifying Ratio X Gross MONTHLY income

### Discount Points

Dollar amount of points = Points % X Loan Amount

### Prorating rent

monthly rent / # days in month = daily rent

### Prorating Interest

Loan Amount X Interest Rate % = Annual Interest
__________________________________________
365 or 360
=
Amount per day

### Prorating Taxes

Appraised Value X Tax Rate % = Annual Tax
_______________________________________
365 or 360
=
Amount per day

### Income Properties

Net income (Gross - expenses) = CAP rate X Market Value

### Gross Rent Multiplier (GRM)

Value of property = GRM# X Monthly Rent

### Annual Tax

Annual Tax = (tax rate/\$100) X Appraised Value

### Annual Interest

Annual Interest = APR X Loan Amount Principal

### Monthly Payments

Monthly payments = (Interest rate factor/1000) X Loan Amount

Example:

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