Real Estate Math
A Missouri investor purchases a duplex for $180,000 and rents each unit for $850/month. The monthly gross rent multiplier (GRM) is approximately:
A8.8
B10.6
C105.9✓ Correct
D180
Explanation
Monthly GRM = Purchase Price / Monthly Gross Rent = $180,000 / ($850 x 2 units) = $180,000 / $1,700 = approximately 105.9.
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