2] are demonstrable estimated monthly incomes (rents) for the two units; and GBM is the monthly gross rent multiplier, the ratio of sale prices to monthly rent for neighborhood properties of similar type and quality, or GRM = sale price for neighborhood property of similar type and quality/demonstrable market rent for that property (2) In practice, the appraiser calculates the gross rent multipler individually for each of a small sample of relevant neighborhood properties, then summarizes that sample in a single weighted average GBM the appraiser thinks is most relevant to the subject property.
What does GRM stand for?
GRM stands for Gross Rent Multiplier
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of GRM
We have 88 other meanings of GRM in our Acronym Attic
- Global Realty Marketing (various locations)
- Global Request Manager (NetApp)
- Goodwood Revival Meeting
- Government Reference Model
- Government Resources Management
- Gradual Reduction Method (smoking cessation)
- Grands Randonneurs Motorisés (French: Great Motorsport Hikers)
- Gravity Research Mission
- Gregg Reference Manual
- Gross Refining Margin
- Gross Revenue Multiplier
- Group Risk Management (various companies)
- Glutamate Receptor, Metabotropic 3
- Glutamate Receptor, Metabotropic 8
- Gander River Management Association
- Generalized Rate Monotonic Analysis
- Georgia Residential Mortgage Act
- Ghana Registered Midwives' Association (Accra, Ghana)
- Global Retail Marketing Association (Chicago, IL)
- Go raibh maith agat (Gaelic: Thank You)
Samples in periodicals archive:
Topics covered include: ways to assess potential contributory value of energy-efficient items, how gross rent multiplier analysis and paired analysis support adjustments for green building, and more.
There also are some ratios that investors like to use, including gross rent multiplier, or GRM (often used to value multi-family properties), the cash on cash ratio, the relationship between annual before tax cash flow and the amount of money the investor contributed from his own pocket, and the capitalization, or CAR rate which is the annual net operating income divided by the value of the property.
Next, daily traffic was multiplied by the gross rent multiplier, which was then multiplied by the number of sign faces to arrive at the assessed value.
[ILLUSTRATION OMITTED] * 334 East 6th Street, an 11-unit mixed-use property, sold for $3,200,000, a gross rent multiplier of 12.
Measuring Contributory Value There are a number of techniques to measure contributory value of green features, including the following: * HERS Index rating converted into value * Monthly energy savings x gross rent multiplier (GRM) * Cost new or depreciated cost new * Paired sales analysis Notice the emphasis is on energy efficiency and not on quality.
For example, the income approach as developed on the current uniform Fannie Mae residential appraisal form requests the input of a GRM or gross rent multiplier that is derived via the ratio of market values to market rents (market value/market rent = GRM).
45% and a gross rent multiplier of approximately 15.