Valuation & AppraisalCâu 51 / 120
A rental property earns $2,000 per month in gross rent and recently sold for $360,000. Its gross rent multiplier (GRM) is:
a.12
b.15
c.18
d.24
Giải thích
The monthly GRM equals sale price divided by monthly gross rent, so $360,000 divided by $2,000 equals 180 monthly, or expressed as an annual GRM using $24,000 yearly rent it is 15. Using annual rent, $360,000 / $24,000 = 15. The GRM is a quick screening tool relating price to gross income.
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