Income Property Valuation

by Fisher, Jeffrey D.; Martin, Robert S.

• ISBN13: 9780793168040
• ISBN10: 079316804X
• Edition: 2nd
• Format: Hardcover
• Copyright: 2003-09-01
• Publisher: Kaplan

Summary

Ideal for a two and four year college course, this text provides comprehensive coverage of the appraisal of real estate income property.

Table of Contents

PREFACE	VII
ABOUT THE AUTHORS	X
CHAPTER 1 Introduction to Income Property Valuation	2	(16)
CHAPTER 2 Appraisal Principles and Highest and Best Use	18	(24)
CHAPTER 3 Market Area and Neighborhood Analysis	42	(36)
CHAPTER 4 Compound Interest and Discount Factors	78	(30)
CHAPTER 5 Cash-Flow Forecasting	108	(18)
CHAPTER 6 Investment Return Calculations	126	(14)
CHAPTER 7 Income Capitalization Approach	140	(29)
CHAPTER 8 Sales Comparison Approach	169	(13)
CHAPTER 9 Site and Improvements Description and Analysis	182	(14)
CHAPTER 10 Site Valuation	196	(14)
CHAPTER 11 The Cost Approach	210	(18)
CHAPTER 12 Leased Fee and Leasehold Valuation	228	(18)
CHAPTER 13 Computer-Assisted Lease-by-Lease Analysis	246	(28)
CHAPTER 14 Investment Measures with Mortgage Financing	274	(21)
CHAPTER 15 Valuation of Mortgage and Equity Interests	295	(15)
CHAPTER 16 Valuation of Nontypical Mortgage Financing	310	(14)
CHAPTER 17 Risk Analysis	324	(12)
CHAPTER 18 Tax Considerations in Income Property Valuation	336	(10)
CHAPTER 19 Selecting and Supporting the Discount Rate	346	(20)
CHAPTER 20 Highest and Best Use Analysis: Applications	366	(18)
CHAPTER 21 Valuation of Proposed Projects	384	(18)
CHAPTER 22 Valuation of Distressed Properties	402	(16)
CHAPTER 23 Case Study: Appraisal of Bay Hill Apartments	418	(47)
APPENDIX A Annual Compound Interest Tables	465	(28)
APPENDIX B Monthly Compound Interest Tables	493	(27)
GLOSSARY OF TERMS AND SYMBOLS	520	(23)
INDEX	543