Property Valuation
The gross rent multiplier (GRM) for a property that sells for $240,000 and rents for $1,600/month is:
A100
B125
C150✓ Correct
D175
Explanation
GRM = Sale Price / Monthly Rent = $240,000 / $1,600 = 150. Using the values given ($240,000, $1,600), apply the appropriate formula..
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