Real Estate Math
A Tennessee investor buys a 4-unit apartment building for $480,000. Each unit rents for $900/month. What is the monthly gross rent multiplier?
A133.3✓ Correct
B44.4
C120
D53.3
Explanation
Total monthly rent = 4 × $900 = $3,600. Monthly GRM = $480,000 ÷ $3,600 = 133.
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