PropdealcalcGRM calculator
The gross rent multiplier is the price divided by a year of rent: how many years of gross rent it takes to pay for the property. It is a quick first filter.
$
$per month
Gross rent multiplier10.42
Gross yield9.6%Yearly rent ÷ price
Price at a GRM of 10$288,000
Formula
GRM = price ÷ gross yearly rent. A lower GRM means more rent for the price.
GRM ignores vacancy and expenses, so two properties with the same GRM can earn very differently. Use it to shortlist, then check the cap rate and the full deal analysis.
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