Real Estate MathMixed_practiceMEDIUM
A property generates a gross rent multiplier (GRM) of 120 in its market. If a similar property has monthly gross rent of $2,800, what is the estimated property value using the GRM method?
Correct Answer
B) $336,000
When GRM is based on monthly rent: Value = Monthly rent × GRM = $2,800 × 120 = $336,000.
Answer Options
A
$33,600B
$336,000C
$280,000D
$403,200Why This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Real Estate Math Question
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Background Knowledge for Real Estate Math
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Real World Application in Real Estate Math
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Related Topics & Key Terms
Key Terms:
GRMgross_rent_multiplierproperty_valuecalculationreal_estate_math
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