Real Estate Math
A Wyoming duplex rents for $1,200/unit/month. What is the annual gross rent multiplier if the property is valued at $345,600?
A12✓ Correct
B12.5
C24
D120
Explanation
Total monthly rent = $1,200 x 2 units = $2,400. Annual gross rent = $2,400 x 12 = $28,800.
Related Wyoming Real Estate Math Questions
- A Wyoming parcel is described as the N 1/2 of the SW 1/4 of a section. How many acres does it contain?
- A Wyoming property's annual gross rent is $36,000. Using a GRM of 125, what is the estimated value?
- A Wyoming home is listed for $325,000. The seller agrees to pay 6% commission. The home sells for 98% of list price. How much commission does the broker receive?
- A Wyoming duplex has two units, each renting for $950/month. Annual expenses are $7,200. Using a GRM of 100, what is the indicated value?
- A Wyoming seller nets $198,000 after paying a 6% commission. What was the selling price?
- A Wyoming home is appraised at $340,000. The buyer is obtaining a conventional loan requiring 5% down. What is the mortgage insurance (PMI) base for this loan?
- What is the return on equity for a Wyoming investor who earned $15,000 net profit on an equity investment of $75,000?
- A Wyoming buyer takes out a $250,000 mortgage at 7.5% annual interest. What is the total interest charged in the first year (approximation using simple interest)?
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →