2 years ago

An income property generates $9,200 per month, and is valued at $985,000. What is its gross rent multiplier

Business

1 answer:

Alborosie2 years ago

8 0

Answer:

107.07

Explanation:

Calculation for What is its gross rent multiplier

Gross rent multiplier= Income Property value/income property generated per month

Let plug in the formula

Gross rent multiplier= $985,000/$9,200 per month

Gross rent multiplier=107.07

Therefore its gross rent multiplier will be 107.07

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