Real Estate Math (alternative)
A Maryland duplex grosses $3,000/month in rent. The investor paid $360,000. Using monthly GRM, the GRM is:
A85
B120✓ Correct
C10 (alternative)
D14
Explanation
Monthly GRM = Purchase price ÷ Monthly gross rent = $360,000 ÷ $3,000 = 120. Using the values given ($3,000, $360,000), apply the appropriate formula..
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