Income Property Valuation
| Author | : | |
| Rating | : | 4.68 (818 Votes) |
| Asin | : | 1419596233 |
| Format Type | : | paperback |
| Number of Pages | : | 564 Pages |
| Publish Date | : | 2017-11-07 |
| Language | : | English |
DESCRIPTION:
Offering a comprehensive look at the appraisal of real estate income property, this textbook explains the importance of projecting income when valuing commercial real estate through the income approach and other approaches to value. Ideal for college-level real estate classes, the text includes Excel templates, Instructor Resources, and a link to a free trial of ARGUSTM 11.0. Contents: Appraisal Principles and Highest and Best Use - Market Area and Neighborhood Analysis - Site and Improvements Description and Analysis - Compound Interest and Discount Factors - Cash-Flow Forecasting - Investment Return Calculations and Discount Rate Selection - Income Capitalization Approach - Leased Fee and Leasehold Valuation - Computer Assisted Lease-by-Lease Analysis
"Where's the Explanations?" according to Dennis Jorgenson. This book is a requirement for my Basic Education - as a licensed appraiser seeking upgrade to the Certified General level - this book has been more frustrating than explanatory. The absolute absence of related examples and real-world application of income capitalization approaches is what hurts this book more than anything. For example:Page 95, Solution 1 for computing an IRR -when computing an IRR - you have Where's the Explanations? This book is a requirement for my Basic Education - as a licensed appraiser seeking upgrade to the Certified General level - this book has been more frustrating than explanatory. The absolute absence of related examples and real-world application of income capitalization approaches is what hurts this book more than anything. For example:Page 95, Solution 1 for computing an IRR -when computing an IRR - you have 3 of the. of the. Income Property Valuation Text Review This book is used in my graduate-level Real Estate Appraisal class. I found the book to be riddled with errors and typos (for example, the bottom of page 293 shows an example property with an 8% LTV (!!)) and it is a bit dated, however, the use of a CDROM to show examples and a trial ARGUS program is nice. One major problem is that the numerous problems outlined at the end of each chapter are never answered in the book. Five Stars Good.