Real Estate Math (alternative)
A Maryland investor purchases a 4-unit building for $400,000. Each unit rents for $1,000/month. Annual GRM is:
A8.33✓ Correct
B6
C100
D33.33
Explanation
Annual gross rent = 4 units × $1,000 × 12 = $48,000. GRM = $400,000 ÷ $48,000 = 8.
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