Valuation

GRM Calculator

Calculate the Gross Rent Multiplier to evaluate property value relative to gross annual income.

Download Excel Version

Use this calculator offline in Excel with full formulas

Formula

GRM = Purchase Price / Gross Annual Rent

Pro Tips

1.Lower GRM = better value relative to income

2.Compare GRM within the same market and asset type

3.GRM ignores expenses - always use with cap rate analysis

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