Real Estate Math
A Wisconsin duplex has monthly rents of $1,100 and $950. The annual gross rent multiplier for the area is 140. What is the estimated value?
A$342,300
B$287,000✓ Correct
C$345,800
D$340,200
Explanation
Total monthly rent = $1,100 + $950 = $2,050. Value = $2,050 × 140 = $287,000.
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