Real Estate Math

A NH property rents for $1,800/month. The gross rent multiplier is 115. What is the estimated property value?

A$207,000✓ Correct

B$175,950

C$241,000

D$230,000

Explanation

Value = GRM × Monthly Rent = 115 × $1,800 = $207,000. Using the values given ($1,800), apply the appropriate formula.. The correct answer is $207,000.. This is a common calculation on the New Hampshire real estate exam.

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