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A 20-unit apartment building sells for $5 million. The property can bring in $400,000 in annual gross income. What is the gross income multiplier (GIM)

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abiolataiwo2015

The gross income multiplier (GIM) is 12.5.

Gross income multiplier (GIM)

Using this formula

Gross income multiplier (GIM)=Sales price/Annual gross income

Where:

Sales price=$5million

Annual gross income=$400,000

Let plug in the formula

Gross income multiplier (GIM)=$5 million/$400,000

Gross income multiplier (GIM)=12.5

Inconclusion  the gross income multiplier (GIM) is 12.5.

Learn more about gross income multiplier (GIM) here:https://brainly.com/question/25804493

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