Real Estate Math
A Missoula rental home has a gross rent multiplier (GRM) of 14 and generates $24,000 in annual gross rent. What is the estimated value?
A$288,000
B$312,000
C$336,000✓ Correct
D$360,000
Explanation
Estimated Value = Annual Gross Rent × GRM = $24,000 × 14 = $336,000. Using the values given ($24,000), apply the appropriate formula.. The correct answer is $336,000.. This is a common calculation on the Montana real estate exam.
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