Real Estate Math
A Virginia rental property costs $280,000. The monthly rent is $2,100. What is the gross rent multiplier (using monthly rent)?
A120
B133✓ Correct
C140
D150
Explanation
GRM = $280,000 ÷ $2,100 = 133.33 ≈ 133. Using the values given ($280,000, $2,100), apply the appropriate formula.. The correct answer is 133.. This is a common calculation on the Virginia real estate exam.
Related Virginia Real Estate Math Questions
- A Virginia agent sold $8.5 million in real estate last year at an average 2.75% commission (their side). What was their gross commission income?
- A Virginia property closes on June 1. The buyer's lender requires prepaid interest from June 1 to July 1 (30 days). The loan is $400,000 at 6%. How much prepaid interest is collected?
- A Virginia home sells for $750,000 with a 5.5% total commission. The buyer's broker receives 2.5%. What is the listing broker's commission?
- A Virginia buyer makes a 3% down payment on a $380,000 home. PMI is 0.5% annually of the loan amount. What is the monthly PMI payment?
- A Virginia 4-unit apartment building sold for $650,000. Annual gross rent = $52,800. What is the price per unit?
- A Virginia seller wants to net $300,000 after paying a 6% broker commission. What must the property sell for?
- A Virginia property has a NOI of $36,000 and is valued at $480,000. What is the cap rate?
- A Virginia investment property was purchased for $500,000 with 25% down. The annual NOI is $40,000. What is the cash-on-cash return on the equity invested?
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →