Real Estate Math
A Texas investor purchases a 4-unit apartment complex for $640,000. Each unit rents for $900/month. What is the gross rent multiplier (GRM)?
A14.8✓ Correct
B16.5
C17.8
D20.0
Explanation
Annual gross rent = 4 × $900 × 12 = $43,200. GRM = $640,000 ÷ $43,200 = 14.8.
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