What is the GIM of a strip mall with annual income of $547,500 and a value of $6,345,000?

Step-by-step explanation:

GIM means Gross Income Multiplier and it is a method used for valuating a property or an investment. It is expressed mathematically as the ratio of the property's value/sales price and its gross annual income.

GIM = Value of an investment/Gross annual income.

Given the annual income = $547,500 and Value =  $6,345,000;

GIM =  $6,345,000/$547,500

GIM = 11.589

GIM ≈ 11.6

Hence, the Gross Income Multiplier  of the strip mall is approximately 11.6.

GIM has no units.

the answer is 844

step-by-step explanation:

it is 844 because if you add 836.50 + 7.5 you will get 844

step-by-step explanation: