Question

An apartment building that sold for $900,000 had annual gross income of $124,000. what was its annual gross income multiplier?

Answer 1

If an apartment building that sold for $900,000 had annual gross income of $124,000. Its annual gross income multiplier is:7.3.

Annual gross income multiplier

Using this formula

Annual gross income multiplier=Selling price/Annual gross income

Let plug in the formula

Annual gross income multiplier=$900,000/$124,000

Annual gross income multiplier=7.25

Annual gross income multiplier=7.3

Therefore If an apartment building that sold for $900,000 had annual gross income of $124,000. Its annual gross income multiplier is:7.3.

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