Real Estate Math
A Mississippi investor purchases a rental property for $120,000 and receives annual gross rents of $14,400. What is the gross rent multiplier (GRM)?
A7.5
B8.0
C8.33✓ Correct
D9.0
Explanation
GRM = Purchase price ÷ Annual gross rent = $120,000 ÷ $14,400 = 8.33.
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