Real Estate Math
An investor pays $600,000 for a fourplex in Ogden. Total annual rents are $60,000. What is the gross rent multiplier (GRM)?
A10✓ Correct
B6
C100
D0.10
Explanation
GRM = Purchase Price ÷ Annual Gross Rent = $600,000 ÷ $60,000 = 10. Using the values given ($600,000, $60,000), apply the appropriate formula.. The correct answer is 10.. This is a common calculation on the Utah real estate exam.
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