Real Estate Math
An Oklahoma property has a GRM of 120 and monthly gross rent of $1,750. What is the estimated value?
A$175,000
B$210,000✓ Correct
C$200,000
D$225,000
Explanation
Value = GRM x Monthly Gross Rent = 120 x $1,750 = $210,000. Using the values given ($1,750), apply the appropriate formula.. The correct answer is $210,000.. This is a common calculation on the Oklahoma real estate exam.
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