Examples of Effective Gross Income in a sentence
Sales History (Past 3 Years): None noted Market Exposure: Unknown Verification Source: Confidential Date: September 29, 1998 Comparison Data --------------- Sale Price/Space: $21,875 Effective Gross Income Multiplier (EGIM): 8.24 Overall Capitalization Rate (OAR): 7.89 Comments The income and expenses were estimated from percentages provided during verification.
Stabilized Underwritten EGI ($) U/W Cash Flows The Stabilized underwritten Effective Gross Income.
Although there are variations, apartment property sales are often analyzed using four unit-of-comparison indicators: o Price per unit o Gross Income Multiplier or Effective Gross Income Multiplier o Price per Rentable Square Foot o Price per Room Price Per Unit Method: The price per unit method is most often affected by unit size, condition, overall functional utility, and location of a property.
Effective Gross Income means a property’s potential gross rental income plus other income less vacancy and credit costs for any applicable period.
The amount remaining after deducting Project Expenses, a property management fee equal to at least three and one-half of one percent (3.5%) of Project Effective Gross Income and a replacement reserve of at least $150.00 per Unit from Project Effective Gross Income.