Property Valuation
Gross income multiplier (GIM) in Louisiana real estate valuation differs from GRM because GIM uses:
AMonthly rent while GRM uses annual rent
BAnnual gross income rather than monthly gross rent✓ Correct
CNet income rather than gross income
DCap rates rather than multipliers
Explanation
GIM (Gross Income Multiplier) = Sale Price ÷ Annual Gross Income. GRM (Gross Rent Multiplier) = Sale Price ÷ Monthly Gross Rent.
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