Real Estate Math
An investor buys a duplex for $320,000 and rents each unit for $1,200/month. What is the annual gross rent multiplier (GRM)?
A11.1
B13.3✓ Correct
C22.2
D26.7
Explanation
Annual gross rent = 2 units × $1,200/month × 12 months = $28,800. Annual GRM = $320,000 ÷ $28,800 ≈ 11.1.
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