Answered step by step
Verified Expert Solution
Question
1 Approved Answer
During the last 6 months you observed the following transactions among multi-family properties in a neighborhood. Calculate G.R.M. for each of the property. What is
- During the last 6 months you observed the following transactions among multi-family properties in a neighborhood. Calculate G.R.M. for each of the property. What is the average G.R.M for the neighborhood?
Property | Gross Scheduled Income | Selling Price (Market Value) | G.R.M(Gross Rent Multiplier) |
A | 28,400 | 207,500 |
|
B | 32,000 | 240,000 |
|
C | 25,940 | 185,000 |
|
D | 27,150 | 195,000 |
|
E | 30,225 | 220,000 |
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started