Real Estate Math
A Kentucky investor buys a 4-unit building at $320,000. Each unit rents for $900/month. What is the monthly GRM?
A66.7
B72.8
C88.9✓ Correct
D95.2
Explanation
Monthly gross rent = 4 × $900 = $3,600. Monthly GRM = $320,000 ÷ $3,600 = 88.
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