Real Estate Math
A Wisconsin property has a gross rent multiplier of 115. It generates $2,800/month in gross rent. What is the indicated market value?
A$290,000
B$295,000
C$322,000✓ Correct
D$336,000
Explanation
Value = GRM × Monthly Rent = 115 × $2,800 = $322,000. Using the values given ($2,800), apply the appropriate formula.. The correct answer is $322,000.. This is a common calculation on the Wisconsin real estate exam.
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