Real Estate Math
A Florida property has annual gross rents of $36,000 and sold for $360,000. What is the Gross Rent Multiplier (GRM)?
A8
B10✓ Correct
C12
D15
Explanation
GRM = Sale Price ÷ Annual Gross Rent = $360,000 ÷ $36,000 = 10. The GRM is used as a quick tool to compare income properties.
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