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Comparable sales of duplexes in a market indicate a grm of 146. if the annual income of the subject is $24,000, what is the property's estimated value?

User Inline
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1 Answer

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$3,504,000

Using GRM (Gross Rental Multiplier) to calculate value, simply multiply the estimated rental income by the GRM:

$24,000*146= $3,504,000

User Bereng
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