Real Estate Math
A Massachusetts investor buys a 4-unit building. Each unit rents for $1,500/month. The purchase price is $600,000. What is the annual gross rent multiplier (GRM)?
A8.33✓ Correct
B100
C10
D12.5
Explanation
Annual gross rent = 4 × $1,500 × 12 = $72,000. GRM = $600,000 ÷ $72,000 = 8.
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