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Updated almost 6 years ago, 12/05/2018
What does Gross Rent Multiplier
Hello,
Newbie here. I was searching through the RMLS and trying to get some practice in on looking at buying a rental property. I'm not ready to buy, but I am pretending that I am to gain some understanding on how to figure out what is a good deal and what is a bad deal.
I came across several listings with Multiple unit buildings with a line in the description, "Gross Rent Multiplier". This particular building was a duplex with each unit at 3bed, 2bath, 1500sq. The Gross rent multiplier was 31.24.
Can someone explain what Gross Rent Multiplier means?
Please and Thank you's in advance!