Real Estate Math
A real estate investor receives monthly rent of $1,800 from a rental property. What is the gross rent multiplier if the property is valued at $216,000?
A100
B108
C120✓ Correct
D130
Explanation
GRM = Sale Price ÷ Monthly Rent = $216,000 ÷ $1,800 = 120. Using the values given ($1,800, $216,000), apply the appropriate formula.. The correct answer is 120.. This is a common calculation on the Iowa real estate exam.
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