You have been asked to Appraise a Single-Family Rental Home, currently on Rent for $1,500 per month, using Gross Rent Multiplier (GRM) method. You have found the following four recently sold comparable rental homes and assigned weights to each four of them based on their locations.

According to your calculations, the Appraised Value of the subject home is:

	a.	$ 356,700
	b.	$ 434,210
	c.	$ 318,750
	d.	$ 472,500
	e.	$ 400,000
	f.	$ 403,180

1 2 3 4 COMPARABLE SINGLE FAMILY RENTAL HOME Sale Price Rent/month Weight GRM $ 378,000 $1,200.00 40% $ 425,000 $ 2,000.00 20% $ 523,160 $ 2,200.00 30% $ 275,000 $ 950.00 10%