Ask Question
15 December, 20:05

A duplex generates $1,400 rent for each of its two units per month. The property has been recently appraised for $350,000. What is this property's GIM? 4.8, 9.6, 10.4, or 20.83?

+1
Answers (1)
  1. 15 December, 20:08
    0
    10.4

    Step-by-step explanation:

    To get the property's gross income multiplier (GIM), you divide its appraised value by its gross annual rental income.

    Rental income = 2 * $1400/1 month * (12 months/1 yr)

    = $33 600/yr

    GIM = $350 000/$33 600 = 10.4

    The property's GIM is 10.4.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A duplex generates $1,400 rent for each of its two units per month. The property has been recently appraised for $350,000. What is this ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers