3. Using information provided below calculate: (Round your answer to two decimal places) Price per unit Sale Price Number of Units Adjustment Factor (Sale 2) = Net Income per unit per month subject Net Income per unit per month Adjusted Price per Unit = Adjustment Factor x Price per Unit GIM (Gross Income Multiplier) = Sale Price Annual Potential Gross Income Value = Adjusted GIM x Potential Gross Income Value = Adjusted Price per unit x number of units | a. Price per unit for sale 2 b. Price per unit for sale 2 adjusted for income c. GIM for sale 1 d. GIM adjusted for utilities for sale 1 e. Average adjusted GIM g. Average adjusted price per unit h. Estimated value for the subject property using adjusted GIM i. Estimated value for the subject property using adjusted price per unit Comparable Civic Number Sale 1 Sale 2 425 359 Street Municipality Date of sale Bank Ottawa Lisgar Ottawa Subject 4073-4083 Kent Ottawa 25/01/2018 01/03/2018 Selling Price $1,825,000 $1,680,000 Condition of Sale Normal Normal Adjusted selling price $1,825,000 $1,680,000 year of construction 1928 1900 1885 Number of Units 6 6 6 Rooms per unit Ratio 2 2 2 Services included in rents does not include Include all Included all utilities utilities utilities Annual Gross Income $120,000.00 $113,520.00 Net Income $79,630 $72,945 $101,030.00 $65,158 Monthly energy expenses for 2-bedroom units Included utilities 2-Bedroom Heat $56 Hot water $13 Electricity $19 Appliances $10 Total energy costs $88 Page 2 of 3