Question

A property valued at $295,000 has a gross rent multiplier of 135. What is this property's monthly income? $2,458,$2,185,$2,525 OR $2,328??

Answer 1

This is your formula:
$135 = \frac{295000}{x}$
solve for x and your answer is:
$x = 2185$

Answer 2

Answer : $2,185

A property valued at $295,000 has a gross rent multiplier of 135

We know the formula for gross rent multiplier

Gross rent multiplier = $\frac{property value }{Income}$

Property value = 295,000

gross rent multiplier = 135

Gross rent multiplier = $\frac{295000 }{x}$

135 = $\frac{295000 }{x}$

x = 2185.185185

property's monthly income= 2185