Real Estate Math
A property generates monthly rents of $2,200. Using a GRM of 130, what is the estimated market value?
A$270,000
B$286,000✓ Correct
C$290,000
D$308,000
Explanation
Value = Monthly Rent × GRM = $2,200 × 130 = $286,000. Using the values given ($2,200), apply the appropriate formula.. The correct answer is $286,000.. This is a common calculation on the Ohio real estate exam.
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