Real Estate Math
A 6-unit apartment building in Iowa has each unit renting for $750/month. What is the annual gross potential income?
A$45,000
B$54,000✓ Correct
C$63,000
D$72,000
Explanation
Monthly gross = 6 units × $750 = $4,500. Annual GPI = $4,500 × 12 = $54,000. Using the values given ($750), apply the appropriate formula.. The correct answer is $54,000.. This is a common calculation on the Iowa real estate exam.
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