What is gross rent multiplier (GRM)?

GRM = Property Price ÷ Annual Gross Rent. It is a quick valuation tool. A lower GRM generally indicates a better rental investment. Most markets see GRMs ranging from 4 to 15.

Gross Rent Multiplier Calculator

Calculate gross rent multiplier (GRM) from property price and annual rental income.

This tool runs in your browser. None of your data is saved or sold.

Property price ($)

Annual gross rent ($)

About This Calculator

GRM is a quick valuation metric that divides property price by annual gross rent. It's less precise than cap rate (it ignores expenses and vacancy) but faster to calculate and useful for rapidly screening deals. Lower GRM means you're paying less per dollar of rental income.

Estimates only — not financial, tax, legal, or investment advice. Verify important results with a qualified professional before making decisions.

GRM = property price ÷ annual gross rent; gross yield = annual rent ÷ price × 100