Property Valuation
The gross income multiplier (GIM) for annual rents is calculated as:
ASale price divided by monthly gross income
BSale price divided by annual gross income✓ Correct
CAnnual gross income divided by sale price
DCap rate times sale price
Explanation
The Gross Income Multiplier (GIM) = Sale Price ÷ Annual Gross Income. It is similar to the GRM but uses annual income.
Related Georgia Property Valuation Questions
- An appraiser who assigns a value above the contracted purchase price to justify a pre-determined value is committing:
- Reconciliation in the appraisal process involves:
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- A Comparative Market Analysis (CMA) is prepared by a real estate agent primarily to help a seller determine:
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