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Grm

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EddieHibbard

Thread Starter
Sophomore Member
Joined
Feb 1, 2005
Professional Status
Certified Residential Appraiser
State
Indiana
GRM calculations?

How are you calculating GRM for a SFR ot Multi unit property in Marion county? Are you using BLC data, GOI monthly into Sales Price, is there another method you are using? I currently am working on a duplex and I am coming up with a GRM of 75 based on township averages of leased multi family properties with similar potential income to the subject. Let me know, I am curious, I am currently trying to tighten up some loose ends in my reports.

My reasoning is that I feel there is some variance in the accuracy of data. Some agents list these properties with rents even when the property is not leased on the date of sale. It also appears that the data is actual rents versus market rents.

Thanks,

Ed
 

Doug Meyer

Senior Member
Joined
Sep 13, 2003
Professional Status
Certified Residential Appraiser
State
Indiana
Some areas are much harder than others. When working with landlords, ask them for information regarding rents they are receiving and try to match them with sales to find GRMs. Pretty tough in some older areas of town...
 
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