Real Estate Math
A Louisiana duplex sold for $220,000 and generates $1,800/month per unit. What is the GRM?
A61.1✓ Correct
B122.2
C73.3
D91.7
Explanation
Total monthly gross rent = 2 units × $1,800 = $3,600. GRM = $220,000 ÷ $3,600 = 61.1. Using the values given ($220,000, $1,800), apply the appropriate formula.. The correct answer is 61.1.. This is a common calculation on the Louisiana real estate exam.
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