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 = [tex] \frac{property value }{Income} [/tex]
Property value = 295,000
gross rent multiplier = 135
Gross rent multiplier = [tex] \frac{295000 }{x} [/tex]
135 = [tex] \frac{295000 }{x} [/tex]
x = 2185.185185
property's monthly income= 2185
