Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

g. You are deriving a gross income multiplier in the appraisal of a 14-unit apartment building. Market data is as follows: 16 units sold for $1,200,000 with a gross income of $150,000 12 units sold for $960,000 with a gross income of $120,000 4 units sold for $480,000 with a gross income of $48,000 What GIM is suggested for the property under appraisal

Sagot :

anthougo

The GIM suggested for the 14-unit property is 8.

Data and Calculations:

                                            16 units      12 units        4 units

Selling price                   $1,200,000  $960,000   $480,000

Gross income                    $150,000  $120,000      $48,000

Gross Income Multiplier               8               8                  10

A 14-unit apartment building's suggested GIM = 8                

A property's gross income multiplier (GIM) measures the property value by dividing the property's sale price by its gross annual rental income.

Thus, the GIM suggested for the 14-unit property is 8.

Learn more: https://brainly.com/question/14477119

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.