gross rent multiplier


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gross rent multiplier

See gross income multiplier.
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adu] are gross rent multipliers for the primary and accessory units, and [I.
The gross rent multipliers were determined by comparing those rents to sale prices recorded by a regional listing service (34) and the local assessor.
58 can be converted into a contributory value or adjustment by using the gross rent multiplier analysis.
TABLE 2 Billboard Structure Purchase and Rent Purchase price $48,000 Annual gross income (divided by) $12,000 Gross rent multiplier 4 Annual Monthly Gross rental income $12,000 $1,000 Gross rent multiplier 4 48 Indicated value $48,000 $48,000 Purchase price $48,000 Effective gross income (divided by) $10,200 Gross rent multiplier 4.
A residential property would be handled in a similar fashion using a Gross Rent Multiplier (GMRM) technique or a sales comparison approach.
For example, a dwelling that rents for $500 per month and sold for $50,000 has a monthly gross rent multiplier of 100.
A distinction is made between gross rent multipliers (GRMs) and GIMs as well as between potential gross income multipliers (PGIMs) and effective gross income multipliers (EGIMs).
4 gross rent multiplier (GRM), $94,450 price par unit, $81 par square foot, and a 6.
The price equates to $70,588 per unit, a gross rent multiplier of 7.
The price equates to $123,750 per unit, a gross rent multiplier of 8.
7 gross rent multiplier and approximately $538 psf.
The NY-based buyer purchased the property for a price that equates to $70,588 per unit, which represents a gross rent multiplier of 7.