Question
Question Gross Rent Multiplier uses gross income and the formula is: Value/Gross Annual Income = Gross Rent Multiplier. A property generates gross rents of $40,000
Question Gross Rent Multiplier uses gross income and the formula is: Value/Gross Annual Income = Gross Rent Multiplier.
A property generates gross rents of $40,000 yearly. It recently sold for $300,000. If it has a vacancy rate of 10% and expenses are $1,200 per month, calculate the gross rent multiplier. Note: Show your calculations.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
First we need to adjust the gross annual income to account for the vacancy ...
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Step: 2
Step: 3
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
