Real Estate Math
An investor purchases a rental property for $180,000 and receives monthly rent of $1,500. What is the annual gross rent multiplier (GRM)?
A10
B100✓ Correct
C120
D150
Explanation
GRM = Sale Price ÷ Monthly Rent = $180,000 ÷ $1,500 = 120. Using the values given ($180,000, $1,500), apply the appropriate formula..
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