Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

an appraiser finds that, on average, rental homes in the area are selling for $165,000. average rents are $1,500 per month. the appraiser is appraising a home with a projected gross rent of $1,450 per month. what is the value of the home using the gross rent multiplier?

Sagot :

abiolataiwo2015

If the appraiser is appraising a home with a projected gross rent of $1,450 per month. The value of the home using the gross rent multiplier is: $159,500.

Gross rent multiplier

Using this formula

Gross rent multiplier=Gross rental income/Average rent per month×Projected rent per month

Let plug in the formula

Gross rent multiplier=$165,000/$1,500×$1,450

Gross rent multiplier=$159,500

Therefore if the appraiser is appraising a home with a projected gross rent of $1,450 per month. The value of the home using the gross rent multiplier is: $159,500.

Learn more about Gross rent multiplier here:https://brainly.com/question/14421244

#SPJ1

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.