Real Estate Math
A Wyoming investor earns $1,800 per month rent on a property purchased for $216,000. What is the annual gross rent multiplier (GRM)?
A100
B120✓ Correct
C10
D150
Explanation
GRM = Purchase Price ÷ Monthly Rent = $216,000 ÷ $1,800 = 120. Using the values given ($1,800, $216,000), apply the appropriate formula.. The correct answer is 120.. This is a common calculation on the Wyoming real estate exam.
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