Find the annual GRM for a 10-unit building in Dallas Texas with asking price of $5,000,000 and gross annual rents of $225,000.
Correct Answer
C) 22.22
GRM = Price ÷ Gross Annual Rent = $5,000,000 ÷ $225,000 = 22.22
Why This Is the Correct Answer
GRM = Price ÷ Gross Annual Rent = $5,000,000 ÷ $225,000 = 22.22
More Real Estate Math Questions
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