Real Estate Math
A Mississippi investment property has a gross rent multiplier of 9.5. Monthly gross rents total $3,200. The estimated value using the GRM method is:
A$364,800✓ Correct
B$30,400
C$38,400
D$291,840
Explanation
Annual gross rent = $3,200 × 12 = $38,400. Value = Annual Gross Rent × GRM = $38,400 × 9.
Related Mississippi Real Estate Math Questions
- A Mississippi investor paid $250,000 for a property and sold it three years later for $287,500. The total return over three years (not annualized) is:
- A 640-acre section in Mississippi's delta region sells at $3,200 per acre. What is the total sale price?
- A Mississippi home has 1,800 square feet of living area. The price per square foot is $95. What is the indicated value?
- A Mississippi property is depreciated for income tax purposes over 27.5 years (residential rental). If the depreciable basis is $165,000, the annual depreciation deduction is:
- A Mississippi property is assessed at $160,000 and the tax rate is $22.50 per $1,000 of assessed value. What is the annual property tax?
- A Mississippi property's annual gross income is $36,000. The vacancy and collection loss is 8%. The effective gross income (EGI) is:
- A Mississippi property management trust account starts the month with $15,000. The manager receives $8,000 in rents, pays $3,500 in expenses, and disburses $9,000 to the owner. The ending balance should be:
- A Mississippi investor purchases a rental property for $120,000. The annual gross rent is $14,400 and annual expenses are $5,400. The capitalization rate is approximately:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →