Real Estate Math
A Delaware investor purchases a rental property for $350,000 and receives $3,500 per month gross rent. What is the gross rent multiplier (GRM)?
A100✓ Correct
B90
C110
D120
Explanation
Monthly GRM = Purchase Price ÷ Monthly Gross Rent = $350,000 ÷ $3,500 = 100. Using the values given ($350,000, $3,500), apply the appropriate formula..
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