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1 answer:
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Answer:
126.5
Step-by-step explanation:
Given :The monthly rent for each unit is $925
To Find : What is the GRM for a residential duplex with a selling price of $234,000 if the monthly rent for each unit is $925?
Solution:
Annual Gross Rents = $925
Property Value = $234,000
For answer to be 126.5 , $925 must be semiannual rent
So, annual rent = 925*2
Formula : Property Value = Annual Gross Rents X Gross Rent Multiplier (GRM)
Substitute the values :
Hence The GRM for a residential duplex with a selling price of $234,000 if the monthly rent for each unit is $925 is 126.5
So, Option D is true .