Property Valuation
Vermont's 'income multiplier' analysis for quick investment property evaluation uses:
ANOI divided by cap rate
BSale price divided by gross annual rent (GRM) to estimate value relative to income✓ Correct
CMonthly rent multiplied by market conditions
DOperating expenses divided by gross income
Explanation
The Gross Rent Multiplier (GRM) is a quick income multiplier: Value = GRM x Gross Annual Rent. While not as precise as full income capitalization, it provides a quick market check for investment property valuation.
Related Vermont Property Valuation Questions
- Vermont's 'market rent' analysis for lease comparables examines:
- Functional obsolescence in Vermont real estate refers to:
- Vermont's Burlington metropolitan area real estate market is characterized by:
- Vermont's 'mass appraisal' system used for property tax purposes differs from individual appraisal in that it:
- Which of the following best describes 'economic life' versus 'physical life' of a Vermont building?
- Vermont's 'appraisal review' process involves:
- A Vermont appraiser who finds no truly similar recent sales must widen their search area. What is the key adjustment consideration when using a comparable from a different Vermont market area (e.g., using a Burlington suburb comp for a rural Northeast Kingdom property)?
- Vermont's 'bulk discount' principle in appraisal means that:
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