Real Estate Math

A property has a monthly gross rent of $3,800 and sells for $570,000. What is the gross rent multiplier?

A130

B140

C150✓ Correct

D160

Explanation

GRM = Sales price ÷ Monthly gross rent = $570,000 ÷ $3,800 = 150. Using the values given ($3,800, $570,000), apply the appropriate formula..

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