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Unit 4: Calculating GRM and GIM Flashcards
For which of these properties would gross income multiplier be calculated?Apartment building with 50 units What is gross rent multiplier?A method to analyze the potential value of smaller residential investment properties A 30-unit income-producing property has a sales price of $9 million. Annual gross income is estimated at $750,000.What's the gross income multiplier?12x Which of the following is true about the GRM method?The method can't be used alone as an indication of value for residential property.A three-unit income-producing property has a sales price of $600,000. Monthly gross rent is estimated at $6,000.What's the gross rent multiplier?100x A 20-unit apartment building sells for $5 million. The property can bring in $400,000 in annual gross income.What is the gross income multiplier (GIM)?
12.5
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