What is the indicated value of a property that rents for $750/month with a GRM of 110?

The indicated value of a property can be calculated using the Gross Rent Multiplier (GRM). The formula for determining the property value based on its rental income is:

Property Value = Monthly Rent x GRM

In this case, the monthly rent is $750, and the GRM is 110. Using the formula:

Property Value = $750 x 110 = $82,500

However, it appears there might be an oversight in that calculation. When annually analyzed, you would take the monthly rent of $750 and multiply it by 12 to find the annual rent. This can yield a more comprehensive understanding of value, but since the GRM is applied directly per month, the focus here is on the monthly valuation.

Thus, $750 multiplied by 110 gives an indication of the property's value at $82,500, which means the outcome would be proper under the valuation metric assumed in the GRM context.

However, if the understanding of the property’s income potential is assessed differently or contemplates other market factors or calculations not implied in the GRM context alone, that may affect the potential size of values acquired in the market itself.

Ultimately, recognizing how these calculations can lead to various interpretations of the property's worth must account for