Final answer:
The value of the subject property is $108,000, calculated by multiplying the monthly rent of $600 by the gross monthly rent multiplier of 180. Option a.
Step-by-step explanation:
If the gross monthly rent multiplier is 180 and the monthly rent is $600, then the value of the subject property can be calculated by multiplying the gross monthly rent by the rent multiplier. To calculate the property value, you would take the monthly rent of $600 and multiply it by the gross monthly rent multiplier of 180.
The calculation is as follows:
$600 (monthly rent) × 180 (gross monthly rent multiplier) = $108,000
Therefore, the value of the subject property is $108,000, which corresponds to option (a).