Property Valuation
A Virginia appraiser calculating the 'gross rent multiplier' (GRM) method uses the property's:
AAnnual net operating income
BGross monthly rent (or gross annual rent) compared to the sale price✓ Correct
CProperty tax assessment
DReplacement cost
Explanation
The GRM is calculated as Sale Price ÷ Monthly (or Annual) Gross Rent. It is a quick valuation tool that does not account for vacancies or expenses.
Related Virginia Property Valuation Questions
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