You have been asked to Apprake a Single-Family Rental Home currently on Rant for $1,500 per month, using Gross Rent Multiplier GRM) method. You have found the following four recently sold comparable rental homes and assigned walghts to each four of them hased on their locations COMPARABLE SINGLE FAMILY RENTAL HOME Sale Price Rentmonth Weight GRM $ 378,000 $ 170000 40% $ 425,000 $200000 20% S 523,160 $ 2.200.00 30% 5 275,000 $ 550 00 1 02 3 4 According to your calculations, the Appraised Value of the subject home a $ 356.700 $ 434 210 C3316.750 od $ 472 500 a $ 400.000 of $403 180 QUESTION 19 You have been askod to calculate the value of a 6.000 sq. ft. office buicing, currently renting at $11.75 per sq. ft The Vacancy rate is 8.5% and next years Operating expenses are likely to be $ 31,500. In order to calculate the value of the building you have found four rocantly sold similar proportios Weight COMPARABLE PROPERTIES Sale Price NOW 1 $ 256 000 $ 22.500 2 $ 178.000 $ 17.000 IS 315 000 5 27 500 als 286000 3 18 660 15% 30% 20% ** Based on the Location of the above properties, each has been assigned a Weight According to your calculations, the Value of the Office Building is. as 396,375 15 374,085 ocs 345,608 d. 5 378,086