Answer:
11.6
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.
