Real Estate Math
A Maine investor purchases a 6-unit apartment building for $720,000. Each unit rents for $900/month. The gross rent multiplier (GRM) is:
A10.0
B11.1
C12.0
D13.3✓ Correct
Explanation
Annual gross rent = 6 units × $900 × 12 months = $64,800. GRM = $720,000 ÷ $64,800 = 11.
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