Real Estate Math
A property generates monthly gross rents of $2,500. The gross rent multiplier is 110. What is the estimated property value?
A$250,000
B$275,000✓ Correct
C$300,000
D$310,000
Explanation
Value = Monthly Gross Rent × GRM = $2,500 × 110 = $275,000. Using the values given ($2,500), apply the appropriate formula.. The correct answer is $275,000.. This is a common calculation on the Arkansas real estate exam.
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