Real Estate Math
An investor purchases a fourplex for $800,000. Each unit rents for $1,500/month. What is the monthly GRM?
A100
B133.33✓ Correct
C111.11
D89.6
Explanation
Monthly Gross Rent = 4 units × $1,500 = $6,000. Monthly GRM = Purchase Price ÷ Monthly Gross Rent = $800,000 ÷ $6,000 = 133.33.
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