Question 1
A portfolio supervisor evaluates an acquisition with NOI of $2,400,000 and asking price of $40,000,000. What is the going-in cap rate?
Correct Answer:
6.0%
Question 2
Which metric best measures a property's ability to cover mortgage payments from operating cash flow?
Correct Answer:
Debt Coverage Ratio (DCR)
Question 3
A value-add renovation costs $8,000 per unit and generates a $125/month rent premium. What is the simple ROI (ignoring expenses)?
Correct Answer:
18.75%
Question 4
The Fair Housing Act's seven protected classes at the federal level include all of the following EXCEPT:
Correct Answer:
Source of income
Question 5
Under HUD's 2016 guidance on criminal background screening, what is considered a fair-housing risk?
Correct Answer:
Blanket bans on all applicants with any arrest or conviction record
Question 1
Exam overview

About this Exam

Prepare with the NAA CAPS Practice Questions - NAA Certified Apartment Portfolio Supervisor (CAPS) Exam practice quiz. This question bank includes 100 questions covering property, portfolio, lease, month, and rate. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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NAA CAPS Practice Questions - NAA Certified Apartment Portfolio Supervisor (CAPS) Exam

This practice set contains 100 questions from the matching question bank and focuses on property, portfolio, lease, month, and rate. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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