Real Estate Math
A Louisiana investor purchases a rental property for $185,000. The property generates $1,850/month in rent. What is the gross rent multiplier (GRM)?
A100✓ Correct
B110
C115
D120
Explanation
GRM = Purchase Price ÷ Monthly Rent = $185,000 ÷ $1,850 = 100. Using the values given ($185,000, $1,850), apply the appropriate formula..
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