Real Estate Math
If a South Carolina property has a GRM of 100 and monthly rent is $1,500, what is the estimated value?
A$100,000
B$150,000✓ Correct
C$175,000
D$180,000
Explanation
Value = Monthly Rent × GRM = $1,500 × 100 = $150,000. Using the values given ($1,500,), apply the appropriate formula..
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