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27 September, 15:35

Each unit in a fourplex rents for $850 per month. If the appraised value is $460,000, what is the GRM for the fourplex?

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  1. 27 September, 15:47
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    135.3

    Explanation:

    GRM stands for Gross rent multiplier.

    The formula and the computation of the gross rent multiplier are shown below:

    Gross rent multiplier = Appraisal value : rent for each four plex

    = $460,000 : 3,400

    = 135.3

    The rent for 4 units is computed below:

    = Rent per month * number of four plex

    = $850 * 4

    = $3,400
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