Real Estate Math
A Connecticut investment property has monthly gross rents of $4,200 and sells for $630,000. What is the GRM?
A130
B140
C150✓ Correct
D160
Explanation
GRM = Sales price ÷ Monthly gross rent = $630,000 ÷ $4,200 = 150. Using the values given ($4,200, $630,000), apply the appropriate formula.. The correct answer is 150.. This is a common calculation on the Connecticut real estate exam.
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