Gross Rent Multiplier

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Definition:   A rule of thumb for estimating the market value of income-producing residential property.

Pronunciation:   \ˈgrōs\ \ˈrent\\ˈməl-tə-ˌplī(-ə)r\

Used in a Sentence:   The agent used the gross rent multiplier when estimating the value of the apartment building we were interested in buying.

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