Income Property Valuation, 2nd Edition

Product Details

The new second edition provides comprehensive coverage of the appraisal of income property by analyzing properties that investors purchase because of income potential. Unlike traditional appraisal books, Income Property Valuation, addresses the income approach before discussing approaches to value. A CD-ROM is included with this edition, containing a trial version of ARGUS® 11.0 and Excel templates that readers can use to solve problems and examples from the text.

Table of Contents

• Chapter 1: Introduction to Income Property Valuation.
• Chapter 2: Appraisal Principles and Highest and Best Use.
• Chapter 3: Market Area and Neighborhood Analysis.
• Chapter 4: Compound Interest and Discount Factors.
• Chapter 5: Cash-Flow Forecasting.
• Chapter 6: Investment Return Calculations.
• Chapter 7: Income Capitalization Approach.
• Chapter 8: Sales Comparison Approach.
• Chapter 9: Site and Improvements Description and Analysis.
• Chapter 10: Site Valuation.
• Chapter 11: The Cost Approach.
• Chapter 12: Leased Fee and Leasehold Valuation.
• Chapter 13: NEW!- Computer-Assisted Lease-by-Lease Analysis.
• Chapter 14: Investment Measures with Mortgage Financing.
• Chapter 15: Valuation of Mortgage and Equity Interests.
• Chapter 16: Valuation of Nontypical Mortgage Financing.
• Chapter 17: Risk Analysis.
• Chapter 18: Tax Considerations in Income Property Valuation.
• Chapter 19: Selecting and Supporting the Discount Rate.
• Chapter 20: Highest and Best Use Analysis: Applications.
• Chapter 21: Valuation of Proposed Projects.
• Chapter 22: Valuation of Distressed Properties.
• Chapter 23: Case Study: Appraisal of Bay Hill Apartments.
• Appendix A: Annual Compound Interest Tables.
• Appendix B: Monthly Compound Interest Tables.
• Glossary of Terms and Symbols.
• Index.