Real Estate Math
A Florida investor receives $2,400/month gross rent on a property purchased for $336,000. What is the monthly gross rent multiplier (GRM)?
A120
B140✓ Correct
C160
D100
Explanation
Monthly GRM = Purchase Price ÷ Monthly Gross Rent = $336,000 ÷ $2,400 = 140. Using the values given ($2,400, $336,000), apply the appropriate formula..
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