Real Estate Math
A Washington investor buys a duplex for $480,000. Each unit rents for $1,800/month. What is the annual gross rent multiplier (GRM)?
A110
B111
C133✓ Correct
D222
Explanation
Total monthly rent = $1,800 × 2 = $3,600. Annual GRM = Purchase Price ÷ Monthly Rent = $480,000 ÷ $3,600 = 133.33 ≈ 133.
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