Property Valuation
The GRM (Gross Rent Multiplier) for a Massachusetts rental property sold for $480,000 with monthly rent of $3,200 is:
A120
B150✓ Correct
C$150,000
D160
Explanation
GRM = Sale Price / Monthly Rent = $480,000 / $3,200 = 150. GRM is a quick comparative valuation metric used for income-producing residential properties.
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