Real Estate Math (alternative)
A Maryland property with a $2,100 monthly rent has a GRM of 125. The indicated value is:
A$196,000
B$252,000
C$262,500✓ Correct
D$267,750
Explanation
Value = GRM × Monthly Rent = 125 × $2,100 = $262,500. Using the values given ($2,100), apply the appropriate formula.. The correct answer is $262,500.. This is a common calculation on the Maryland real estate exam.
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