Property Valuation
In Kansas, the 'gross income multiplier' (GIM) is calculated as:
ANOI divided by Cap Rate
BSales Price divided by Gross Annual Income✓ Correct
CGross Income divided by Operating Expenses
DMonthly rent times 12
Explanation
GIM = Sales Price ÷ Gross Annual Income. It allows quick comparison of investment properties by relating price to gross income.
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