Real Estate Math
A Wisconsin GRI (Gross Rent Multiplier) for an area is 120. A rental property generates $1,800/month gross rent. What is the estimated value?
A$180,000
B$200,000
C$216,000✓ Correct
D$240,000
Explanation
Value = GRM × Monthly Rent = 120 × $1,800 = $216,000. Using the values given ($1,800), apply the appropriate formula..
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