Property Valuation
The gross income multiplier (GIM) differs from the gross rent multiplier (GRM) in that the GIM uses:
AMonthly rent instead of annual rent
BAll income from the property, not just rental income✓ Correct
CNOI instead of gross income
DThe assessed value instead of the sale price
Explanation
The GIM uses total gross income (including all revenue sources like parking, laundry, etc.), while the GRM uses only rental income.
Related Utah Property Valuation Questions
- The principle of anticipation in Utah real estate valuation states that value is based on:
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- An appraisal contingency in a Utah purchase contract protects the buyer by:
- When making adjustments in the sales comparison approach, if a comparable property is superior to the subject in a given feature, the appraiser:
- In Utah, a retrospective appraisal establishes value as of:
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