Real Estate Math
A Kansas rental property has a monthly rent of $1,200. What is the monthly gross rent multiplier (GRM) if the property sells for $144,000?
A10
B12
C100
D120✓ Correct
Explanation
Monthly GRM = Sale Price / Monthly Rent = $144,000 / $1,200 = 120. Using the values given ($1,200, $144,000), apply the appropriate formula..
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