Real Estate Math
A property has a gross rent multiplier of 120 and rents for $1,800 per month. What is the estimated value?
A$180,000
B$196,800
C$216,000✓ Correct
D$240,000
Explanation
Value = GRM × Monthly Rent = 120 × $1,800 = $216,000. Using the values given ($1,800), apply the appropriate formula..
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