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How do you determine the value of a rental property?

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To calculate a GRM, divide the property's price by its yearly rent — for example, a $500,000 house that rents for $3,000 a month would have a GRM of 13.9, which is derived by dividing the $36,000 in annual rent into the $500,000 price. You also can determine value by calculating the GRM in reverse.
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