Property Valuation
A Louisiana duplex generates $2,400 per month in total rent. If the gross rent multiplier (GRM) is 110, what is the estimated value?
A$264,000✓ Correct
B$288,000
C$312,000
D$330,000
Explanation
Value = Monthly Rent × GRM = $2,400 × 110 = $264,000. Using the values given ($2,400), apply the appropriate formula.. The correct answer is $264,000.. This is a common calculation on the Louisiana real estate exam.
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