How to extract gross rent multiplier in MLS using Matrix

A gross rent multiple is the sales price of a comparable property divided by the estimated market rent for a property. Sales price / gross rent (1 year gross rents) = GRM.

Many investors use the GRM as a reference when comparing investment properties as a way to determine if the property has good value from an income perspective. Below is video on how to extract the GRM from your local market using Matrix MLS.