Alan bought a 1 bedroom condominium property near Cebu, the condo is being rented at a rate of 25,000 per month and computed to have an annual GRM of 6, if you are the appraiser, based on this information, how much do you think is the estimated market value of the property?

Answer rating: 100% (QA)

Given the annual GRM Gross Rental Multiplier of 6 and a monthly rent of 25000 pesos we can esti... View the full answer