Real Estate Math
An Oregon property has an annual gross rent of $36,000 and sells for $520,000. What is the Gross Income Multiplier (GIM)?
A14.4✓ Correct
B144
C1.44
D15.6
Explanation
GIM = Sale Price ÷ Annual Gross Income = $520,000 ÷ $36,000 = 14.44, approximately 14.
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