Data Analysis and Interpretation Flashcards
7 cards from real CAM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Data Analysis and Interpretation flashcards as text
A property's net operating income is $540,000 and comparable properties in the market are trading at a 6% cap rate. What is the estimated property value?
Answer: $9,000,000
Value = NOI / Cap Rate = $540,000 / 0.06 = $9,000,000.
Which trend in a property's delinquency data should prompt the most immediate management action?
Answer: Delinquency rising from 2% to 7% over three months
A rapid three-month climb from 2% to 7% signals an accelerating collection problem that requires immediate intervention before it compounds further.
A manager compares a property's cost per lead to cost per lease signed. The cost per lead is low but cost per lease is very high. What does this indicate?
Answer: Marketing is reaching many prospects but the leasing conversion process is weak
Low cost-per-lead with high cost-per-lease means marketing generates traffic but something in the leasing funnel — tours, follow-up, or pricing — is failing to convert prospects.
A manager reviews year-end data showing utility expenses increased 18% while occupied unit count stayed flat. Which analysis should be conducted first?
Answer: Review individual unit utility meter readings and compare to prior year by unit type
Disaggregating utility usage by unit type and meter reveals whether the increase is from rate changes, equipment inefficiency, or specific problem units.
What does a negative variance in a budget-versus-actual report for operating expenses indicate?
Answer: Actual expenses exceeded the budget, an unfavorable result
In expense reporting, a negative variance means actual spending went over budget, which is unfavorable and requires explanation and corrective action.
A manager uses cohort analysis to track residents who signed leases in Q1 of a given year. What is the primary benefit of this approach?
Answer: It shows how a specific group of residents behaves over time, isolating their renewal and retention patterns
Cohort analysis isolates a group by start period and follows them longitudinally, revealing retention patterns that are hidden when all residents are aggregated together.
Which combination of metrics provides the most complete picture of a multifamily property's leasing health?
Answer: Occupancy rate, days-to-lease, and lease renewal rate
Together, occupancy rate (stock of filled units), days-to-lease (speed of leasing), and renewal rate (retention) cover the full leasing lifecycle from vacancy to long-term tenancy.