The suggested value of a house that leases for $1,000 monthly based on the GRM is $147,000
This is further explained below.
What is GRM?
Generally, The gross rent multiplier, often known as the GRM, is the ratio of the price of an investment property to the yearly rental revenue it generates before any expenditures are deducted.
In conclusion, According to the GRM, a residence renting for $1,000 per month is worth an estimated $147,000.
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