Real Estate Math
An Iowa investor purchases a duplex for $180,000 and charges $800/month per unit. What is the gross rent multiplier (GRM)?
A10.5
B11.25✓ Correct
C12.5
D14.0
Explanation
Monthly gross rent = 2 × $800 = $1,600. GRM = $180,000 ÷ $1,600 = 112.
Related Iowa Real Estate Math Questions
- A buyer in Iowa obtains an 80% LTV mortgage on a $200,000 home. What is the loan amount?
- An Iowa commercial building has 8,000 rentable square feet leased at $14/sq ft/year. The expense ratio is 40%. At a 7.5% cap rate, what is the value?
- An Iowa closing occurs on September 15. Annual property taxes are $4,200. Using a 365-day method, how much does the seller owe the buyer in tax proration?
- An Iowa investment property has annual gross income of $96,000. After 7% vacancy and $32,000 operating expenses, what is the NOI?
- An Iowa Section has 6 square miles. True or false?
- A straight-line depreciation calculation for Iowa commercial property (39-year useful life) on a building valued at $390,000 results in annual depreciation of:
- An Iowa buyer's total closing costs are $6,800. The lender allows the seller to contribute up to 3% of the sale price toward closing costs. The sale price is $215,000. How much can the seller contribute?
- An Iowa home is listed for $299,500. After negotiations, the buyer and seller agree on a price 2% below list price. What is the agreed sale price?
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →