What are some alternative methods to the Average regional GRM for evaluating the value of properties in a specific region?

Some alternative methods to the Average regional Gross Rent Multiplier (GRM) for evaluating the value of properties in a specific region could include the use of the Capitalization Rate (Cap Rate), the Cash on Cash Return, or the Internal Rate of Return (IRR). These methods take into account different factors such as the net operating income of the property, the cash investment, and the time value of money respectively, providing a more comprehensive view of the property's potential return on investment.

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The 'General information' section is where essential property details are entered, such as the purchase date, property value, and the number of units acquired. This section also requests the 'Average regional GRM'. The Average regional GRM calculates an average GRM for properties in the same region. To assist in its calculation, the template includes a table under the 'Training' tab where you can enter data for six properties in the same area to obtain the Average regional GRM.

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