Real Estate Math
A Kansas City metro property has monthly gross rent of $3,000 and sells for $396,000. What is the GRM?
A100
B132✓ Correct
C120
D150
Explanation
GRM = Sale price ÷ Monthly rent = $396,000 ÷ $3,000 = 132. Using the values given ($3,000, $396,000), apply the appropriate formula..
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