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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??

User Terry Lin
by
7.7k points

2 Answers

3 votes

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 =
(property value )/(Income)

Property value = 295,000

gross rent multiplier = 135

Gross rent multiplier =
(295000 )/(x)

135 =
(295000 )/(x)

x = 2185.185185

property's monthly income= 2185


User Harish Talanki
by
8.5k points
2 votes
this is your formula:

135 = (295000)/(x)
solve for x and your answer is:

x = 2185

User Micoru
by
8.2k points
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