Property Valuation
A property that sells for $280,000 and has a monthly gross rent of $2,000 has a GRM of:
A120
B130
C140✓ Correct
D150
Explanation
GRM = Sale Price ÷ Monthly Gross Rent = $280,000 ÷ $2,000 = 140. Using the values given ($280,000, $2,000), apply the appropriate formula..
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