Property Valuation
A Louisiana appraiser is using the gross rent multiplier (GRM) method to value a single-family rental home. The property rents for $1,200/month and comparable sales indicate a GRM of 140. The indicated value is:
A$140,000
B$148,000
C$168,000✓ Correct
D$192,000
Explanation
GRM Value = Monthly Rent × GRM = $1,200 × 140 = $168,000. Using the values given ($1,200), apply the appropriate formula..
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