A duplex generates $1,400 rent for each of its two units per month. The property has been recently appraised for $350,000. What
is this property's GIM? 9.6? 4.8? 10.4? 20.83?
1 answer:
The gross income multiplier (GIM) is the ratio of sale price to annual rental income. Here, you have ...
GIM = $350,000/(12*2*$1400) ≈ 10.4
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