datapitstop » Grant County Government, Indiana » Assessor »FAQDirectory
Gary Landrum, County Assessor
401 S Adams Street-Room 528
Marion, IN 46953
(765) 668-4773 Fax: (765) 664-5555
Office hours: 8:00 a.m. - 4:00 p.m. Monday-Friday
Why are there different GRM’s throughout the county?
GRM’s (Gross Rent Multipliers), are calculated based on actual sales and reported rents of residential rental properties for each area. These can indicate the investment potential of a specific area. Areas with a low GRM likely indicate a short term investment, usually accompanied by higher vacancy rates and maintenance costs. A higher GRM typically indicates an area where an investor expects a longer term investment with lower vacancy rates and maintenance costs.
The annual GRM indicates how many years it would take for the investor to recoup their initial investment in a property, not including taxes, interest, etc, and the monthly GRM indicates how many months.

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