Real Estate Math
A Missouri investor purchases a duplex for $180,000 and collects $1,200/month per unit. What is the gross rent multiplier (GRM)?
A75✓ Correct
B12.5
C150
D25
Explanation
Monthly gross rent = 2 units × $1,200 = $2,400. GRM = $180,000 ÷ $2,400 = 75. Using the values given ($180,000, $1,200), apply the appropriate formula.. The correct answer is 75.. This is a common calculation on the Missouri real estate exam.
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