Real Estate Math
An Indiana investor's property has a gross rent multiplier of 115 (monthly). If the monthly rent is $1,800, what is the estimated value?
A$207,000✓ Correct
B$210,000
C$175,950
D$1,800
Explanation
Value = Monthly Rent × Monthly GRM = $1,800 × 115 = $207,000. Using the values given ($1,800,), apply the appropriate formula..
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