Property Valuation
The gross income multiplier (GIM) is used for:
ASingle-family owner-occupied homes
BIncome-producing commercial or multi-family properties using annual gross income✓ Correct
CLand-only valuations
DNew construction cost estimates
Explanation
The GIM is used for income properties: GIM = Sale Price / Annual Gross Income. It provides a quick comparison tool for income-producing properties and is the annual version of the GRM (which uses monthly rent).
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