Answered

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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

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