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A man can borrow $203,000 to purchase a house, and this is 3.5 times his salary. What is his annual salary? - ANSWERSb, 203,000 / 3.5 = 58,000 What is the gross rent multiplier of a property that sold for $600,000 and rents for $60,000 annually? - ANSWERSa , Gross rent multiplier formula is sales price / monthly rent. This problem gives us annual rent. We must first divide the 60,000 by 12 to get the monthly rent. 60,000 / 12 = 5,000. Then we use the formula: 600,000 / 5,000 = 120 A buyer ...