Real Estate Math
A Nebraska rental property has a gross rent multiplier of 125. If the property is worth $250,000, the monthly gross rent is:
A$1,800
B$2,000✓ Correct
C$2,200
D$2,500
Explanation
GRM = Value ÷ Monthly Rent. 125 = $250,000 ÷ Monthly Rent. Monthly Rent = $250,000 ÷ 125 = $2,000. Using the values given ($250,000,), apply the appropriate formula.. The correct answer is $2,000.. This is a common calculation on the Nebraska real estate exam.
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