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15-02-2019
Business

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Comparable sales of duplexes in a market indicate a grm of 146. if the annual income of the subject is $24,000, what is the property's estimated value?

Respuesta :

15-02-2019

$3,504,000

Using GRM (Gross Rental Multiplier) to calculate value, simply multiply the estimated rental income by the GRM:

$24,000*146= $3,504,000

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