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an appraiser finds that, on average, rental homes in the area are selling for $165,000. average rents are $1,500 per month. the appraiser is appraising a home with a projected gross rent of $1,450 per month. what is the value of the home using the gross rent multiplier?

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Abiolataiwo2015idn

If the appraiser is appraising a home with a projected gross rent of $1,450 per month. The value of the home using the gross rent multiplier is: $159,500.

Gross rent multiplier

Using this formula

Gross rent multiplier=Gross rental income/Average rent per month×Projected rent per month

Let plug in the formula

Gross rent multiplier=$165,000/$1,500×$1,450

Gross rent multiplier=$159,500

Therefore if the appraiser is appraising a home with a projected gross rent of $1,450 per month. The value of the home using the gross rent multiplier is: $159,500.

Learn more about Gross rent multiplier here:https://brainly.com/question/14421244

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