GRI-to-Price Ratio =
Highest Reported GRI ÷ the asking price. For every $100,000 you pay, this is
what the unit has been reported to earn in a year, before costs. It is not a return, and
it is not profit: the HOA fee, cleaning, management, insurance and tax all come out of
that figure before anything reaches you.
Three things investors do with it. Screen fast — sort a long list before running full numbers on anything. Compare like with like — a resort and a unit type you could not otherwise weigh against each other sit on the same footing. Set your ceiling — decide the ratio you need, and the box beside this gives you the most you can pay to reach it on what that unit has actually been reported to earn.