Real Estate Math (alternative)
A Maryland property has annual gross rents of $24,000 and sells for $240,000. The gross rent multiplier (GRM) is:
A8
B10✓ Correct
C12
D15
Explanation
GRM = Sale price ÷ Annual gross rents = $240,000 ÷ $24,000 = 10. Using the values given ($24,000, $240,000), apply the appropriate formula..
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