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12 August, 11:39

A 30-unit income-producing property has a sales price of $9 million. Annual gross income is estimated at $750,000. What's the gross income multiplier

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  1. 12 August, 12:26
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    12

    Explanation:

    Given that,

    Sales price = $9 million

    Estimated annual gross income = $750,000

    The gross income multiplier is defined as the ratio of sales price to its effective gross income.

    Therefore, the gross income multiplier is calculated as follows:

    = (Sales price : Estimated annual gross income)

    = $9,000,000 : $750,000

    = 12
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