Real Estate Math
A Wisconsin property has a GRM of 155 and sells for $310,000. What is the monthly gross rent?
A$1,800
B$2,000✓ Correct
C$2,200
D$2,500
Explanation
Monthly Rent = Sale Price / GRM = $310,000 / 155 = $2,000. Using the values given ($310,000), apply the appropriate formula..
Related Wisconsin Real Estate Math Questions
- A Wisconsin property has a lot measuring 150 feet by 200 feet. How many square feet is the lot?
- A Wisconsin seller's property is assessed at $165,000 and the assessment ratio is 90% of market value. What is the estimated market value?
- A Wisconsin property has annual expenses of $14,400 and EGI of $52,000. What is the operating expense ratio?
- A Wisconsin borrower obtains a $180,000 mortgage at 4.5% for 30 years. Monthly PI factor is $5.07 per $1,000. What is the approximate monthly payment?
- A Wisconsin property with a market value of $310,000 is assessed at 95% of market value. The mill rate is 20 mills. What is the annual property tax?
- A Wisconsin leased commercial space is 4,500 sq ft at $18/sq ft annually. What is the monthly rent?
- A Wisconsin FSBO (for-sale-by-owner) seller prices their home at $299,000. A buyer offers $287,000. What percentage of the asking price is the offer?
- A Wisconsin homeowner's equity in their $350,000 home is $105,000. What is the LTV of their mortgage?
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →