Real Estate Math
A property generates a monthly rent of $2,200. Using a GRM of 100, what is the estimated value?
A$200,000
B$220,000✓ Correct
C$240,000
D$260,000
Explanation
Estimated Value = Monthly Rent × GRM = $2,200 × 100 = $220,000. Using the values given ($2,200), apply the appropriate formula.. The correct answer is $220,000.. This is a common calculation on the Georgia real estate exam.
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