Find the annual GRM for a 4-unit building in Detroit Michigan with an asking price of $300,000 and gross annual rents of $25,000.
Correct Answer
A) 12
GRM = Price ÷ Gross Annual Rent = $300,000 ÷ $25,000 = 12
Why This Is the Correct Answer
GRM = Price ÷ Gross Annual Rent = $300,000 ÷ $25,000 = 12
More Real Estate Math Questions
Find the annual GRM for a 4-unit building in Detroit Michigan with an asking price of $300,000 and gross annual rents of $25,000.
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