3 terms

6.5) Gross Rent Multiplier

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An income producing property rents for $1,000 per month and the GRM is 84. What is the value?
$84,000
A property has a gross income multiplier of 12, and a value of $500,000. What is the annual income?
$41,667
Each unit in a 4-plex rents for $850 per month. If the appraised value is $460,000, what is the GRM to the complex?
135.3
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