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Archive | Portland Seller Services

Portland Seller Services, selling a Portland property
And just like for any buyer, as a selling client, it doesn’t matter to us if you are selling a 2 bedroom house, or a 50 unit apartment building, we are here for you with equal energy and zest.

What is a GIM?

GIM stands for Gross Income Multiplier, which is also known as Gross Rent Multiplier (GRM). This is a method used to value plexes/apartments by dividing the price of the property by the current rental income. If the total current rental income is $20,000 and the asking price is $240,000 then the gross income multiplier =12. […]

What does DCR stand for?

DCR (debt-coverage-ratio) is the ratio of a property’s net operating income (income after expenses but before debt service) to the annual debt payments due on the loan. For example, a property with an NOI of $100,000 and annual debt payments totaling $80,000 would produce a DCR of 1.25 ($100,000/$80,000). This is the ratio that Lenders […]

What can I learn from a Proforma?

A proforma tells you the Gross Income Multiplier (GIM) and the CAP (capitalization) rate for the property. But they come in many different versions, so there is no real standard to consider. Hopefully you will also learn what current rent rates are overall along with income and expenses and other building details. Ideally it would […]