Real Estate Math
A Delaware property with a GRM of 125 (monthly) is expected to rent for $2,600/month. What is the estimated market value?
A$325,000✓ Correct
B$312,000
C$260,000
D$350,000
Explanation
Value = GRM × Monthly Rent = 125 × $2,600 = $325,000. Using the values given ($2,600), apply the appropriate formula..
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