Real Estate Math

An investment property generates a monthly gross rent of $2,800. Using a GRM of 140, what is the estimated property value?

A$280,000

B$336,000

C$392,000✓ Correct

D$420,000

Explanation

Value = GRM × Monthly Gross Rent = 140 × $2,800 = $392,000. Using the values given ($2,800), apply the appropriate formula.. The correct answer is $392,000.. This is a common calculation on the Nevada real estate exam.

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