Real Estate Math
A Missouri single-family rental property sold for $155,000. Annual gross rents are $13,200. The gross rent multiplier (annual) is approximately:
A8.5
B11.7✓ Correct
C13.2
D15.5
Explanation
Annual GRM = Sale Price / Annual Gross Rent = $155,000 / $13,200 = 11.74, approximately 11.
Related Missouri Real Estate Math Questions
- A Missouri rental property has an annual net operating income (NOI) of $21,000. An investor requires an 8% return (cap rate). What is the maximum price the investor should pay for this property?
- A Missouri residential sale closes on August 15. Annual taxes are $4,800. The seller pays taxes through the day of closing. How much does the seller owe (30-day month method)?
- A Missouri investor pays $380,000 for a commercial property. They put 25% down and obtain a 75% LTV loan. What is the loan amount?
- A Missouri buyer pays $350,000 for a home. They put 20% down and pay 1.5 discount points. What are the total upfront costs (down payment + points)?
- 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?
- A Missouri home's list price is $275,000. After negotiation, it sells for 97% of list price. The sale price is:
- A Missouri commercial building has an NOI of $48,000 and a market cap rate of 9%. The estimated value is:
- A St. Louis area property has an assessed value of $85,000 and a tax rate of $11.20 per $100. What are the annual taxes?
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →