Real Estate Math
A NH property investor uses a gross rent multiplier of 10. If the monthly gross rent is $2,500, what is the estimated property value?
A$25,000
B$300,000✓ Correct
C$250,000
D$30,000
Explanation
GRM is typically applied to monthly rent for residential properties: Value = GRM × Monthly Rent = 10 × $2,500 = $25,000? That would be the annual rent...
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