Property Valuation
The gross income multiplier (GIM) approach values a Missouri property by:
ADividing NOI by cap rate
BMultiplying annual gross income by the GIM✓ Correct
CAdding cost and depreciation
DComparing recent sales only
Explanation
GIM approach: Value = Annual gross income × GIM. The GIM is derived from comparable sales and provides a quick estimate of value for income properties.
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