Real Estate Math
A property generates $2,400/month in rent. Using a GRM of 140, what is the estimated value?
A$288,000
B$336,000✓ Correct
C$403,200
D$168,000
Explanation
GRM × Monthly Rent = Value. 140 × $2,400 = $336,000. The Gross Rent Multiplier method multiplies the monthly rent by the GRM to estimate property value.
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