Real Estate Math
An investor purchased a 4-unit building for $480,000. Each unit rents for $1,100/month. What is the gross rent multiplier?
A9.1✓ Correct
B110
C12
D36
Explanation
Annual gross rent = 4 × $1,100 × 12 = $52,800. GRM = $480,000 ÷ $52,800 ≈ 9.1. Using the values given ($480,000, $1,100), apply the appropriate formula.. The correct answer is 9.1.. This is a common calculation on the Alabama real estate exam.
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