Real Estate Math
An investor buys a Colorado rental property for $380,000 and rents it for $2,200 per month. What is the gross rent multiplier (GRM)?
A11.4
B14.4
C143.9✓ Correct
D172.7
Explanation
Monthly GRM = Sale Price ÷ Monthly Rent = $380,000 ÷ $2,200 = 172.7.
Related Colorado Real Estate Math Questions
- A Colorado investor purchases a duplex for $450,000. Each unit rents for $1,800/month. Annual operating expenses are $18,000 and vacancy is 5%. What is the cash-on-cash return on a $90,000 down payment?
- A Colorado investor is considering a property with a $750,000 purchase price, $65,000 NOI, and $45,000 annual debt service. What is the debt coverage ratio (DCR)?
- A Colorado property has an annual property tax of $4,800. If the assessment ratio is 7.15% and the mill levy is 80 mills, what is the actual (market) value of the property?
- A Colorado broker sold 12 homes last year. The average sale price was $485,000, and they earned an average of 2.8% commission per transaction. What was their total commission income?
- A Colorado property has a price per square foot of $185. If the home is 2,400 sq ft, what is the list price?
- A Colorado property has a GRM of 150 and monthly rents of $2,200. Using the GRM method, what is the estimated value?
- A Colorado investor borrows $450,000 at 8% interest, interest-only, for a 2-year term. What are the total interest payments over the 2-year period?
- A broker lists a property for $615,000. After 45 days, the seller reduces the price by 4%. What is the new list price?
Practice More Colorado Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Colorado Quiz →