Property Valuation
A Kentucky property has a monthly rent of $2,000 and the sale price is $264,000. What is the monthly gross rent multiplier (MGRM)?
A100
B120
C132✓ Correct
D144
Explanation
MGRM = Sale Price ÷ Monthly Rent = $264,000 ÷ $2,000 = 132. Using the values given ($2,000, $264,000), apply the appropriate formula..
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