The numbers below are from the current analysis. Ratios do not take into account all of the cash flows, and are not a discounted cash flow measure like NPV, hence do not reflect the true yield for the analysis. Cash flows with the * symbol are partial years where the partial number has been divided by the number of months and multipled by 12.
	2001	2002	2003	2004	2005
/ Total Gross Income	$74,400	$83,822	$91,345	$92,975	$94,720
= Gross Income Multiple	0	0	0	0	0

Gross Income Multiple is the Sale Value divided by the Gross Income, testing the assumption for the appreciation of the property.

Considers:

Ignores:

Vacancies (now and future), Lease terms, Revenue Growth , Rent Control, Expenses, Expense Growth, Property Taxes, Property Tax Growth, Deferred Maintenance, Debt Amount (Ratio), Interest Rate, Interest Rate Changes, Payment Changes, Prepayment Penalties, Depreciation, Capital Expenditures, Income Taxes, $25,000 Exemption, Passive Losses, Appreciation, Capital Gains Tax

... and a lot of other things

What is the Gross Income Multiple Sensitive to:

Gross Scheduled Income (Potential with No Vacancy), and Sale Value.