Real Estate Math
A Maine investor purchases a duplex for $380,000. Each unit rents for $1,400 per month. The annual gross rent multiplier (GRM) is:
A11.3✓ Correct
B13.5
C22.6
D9.5
Explanation
Annual gross rent = 2 units × $1,400 × 12 = $33,600. Annual GRM = $380,000 ÷ $33,600 = 11.
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