Darinelle479 Darinelle479

24-11-2022
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If a comparable property sells for $1,200,000 and the effective gross income of the property is $12,000 per month, the effective gross income multiplier (EGIM) is:
EGIM=Sale Price/EGI
EGIM=1,200,000/(12,000 x 12)
EGIM=8.33

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