Real Estate Math
A landlord charges $1,800/month rent on a property valued at $216,000. What is the gross rent multiplier?
A100
B110
C120✓ Correct
D130
Explanation
GRM = Sale Price / Monthly Rent = $216,000 / $1,800 = 120. Using the values given ($1,800, $216,000), apply the appropriate formula..
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