Property Valuation
A property sold for $350,000 with a monthly gross rent of $2,500. What is the GRM?
A100
B120
C140✓ Correct
D175
Explanation
GRM = Sale Price ÷ Monthly Gross Rent = $350,000 ÷ $2,500 = 140. Using the values given ($350,000, $2,500), apply the appropriate formula.. The correct answer is 140.. This is a common calculation on the Arizona real estate exam.
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