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Authors: Jeffrey Fisher, Robert S. Martin
ISBN-13: 9780793195268, ISBN-10: 0793195268
Format: Paperback
Publisher: Kaplan Publishing
Date Published: April 2005
Edition: 2nd Edition
Income Property Appraisal provides a comprehensive coverage of the appraisal of real estate income property. It is a must-have for general appraisal certification examinees or anyone interested in the income potential of investment properties. Whether you are new to real estate appraisal or have studied the subject before, you will find this book accessible and informative.
Preface | vii | |
About the Authors | ix | |
Acknowledgments | xi | |
Chapter 1 | Introduction to Income Property Valuation | 1 |
Chapter 2 | Appraisal Principles and Highest and Best Use | 17 |
Chapter 3 | Market Area and Neighborhood Analysis | 39 |
Chapter 4 | Compound Interest and Discount Factors | 73 |
Chapter 5 | Cash-Flow Forecasting | 99 |
Chapter 6 | Investment Return Calculations | 117 |
Chapter 7 | Income Capitalization Approach | 131 |
Chapter 8 | Sales Comparison Approach | 157 |
Chapter 9 | Site and Improvements Description and Analysis | 169 |
Chapter 10 | Site Valuation | 183 |
Chapter 11 | The Cost Approach | 195 |
Chapter 12 | Leased Fee and Leasehold Valuation | 211 |
Chapter 13 | Investment Measures with Mortgage Financing | 227 |
Chapter 14 | Valuation of Mortgage and Equity Interests | 245 |
Chapter 15 | Valuation of Nontypical Mortgage Financing | 261 |
Chapter 16 | Selecting and Supporting the Discount Rate | 275 |
Chapter 17 | Highest and Best Use Analysis: Applications | 293 |
Appendix A | Annual Compound Interest Tables | 311 |
Appendix B | Monthly Compound Interest Tables | 325 |
Glossary of Terms and Symbols | 339 | |
Index | 359 |