Real Estate Math
A buyer in Missouri wants to determine the GRM for a property. It sold for $225,000 and rents for $1,500/month. What is the GRM?
A112.5
B150✓ Correct
C175
D200
Explanation
GRM = Sale price ÷ Monthly rent = $225,000 ÷ $1,500 = 150. Using the values given ($225,000, $1,500), apply the appropriate formula.. The correct answer is 150.. This is a common calculation on the Missouri real estate exam.
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