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Question
Given the following information, determine the final appraisal value of the subject property.
| Adjustments | |
| Market Conditions | -0.50% (per month) |
| Lot Size | $25,000 (per acre) |
| Effective Age (Years) | $1,000 (per year) |
| Living Area (Sq. Ft) | $45.00 (per sq. ft.) |
| Bath | $1,250 (per bath) |
| Bedrooms | $3,000 (per bedroom) |
Answer
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Related questions
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A significant number of mortgage loans use adjustable interest rates, in which the interest rate of the loan is tied to an index rate that fluctuates over time. For income-producing property, the most common index rate is the:
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Analysis of a subject propertys pro forma reveals that its fifth year net operating income (NOI) is projected to be $100,282 (you can assume that this cash flow occurs at the end of the year). If you estimate the projected rental growth rate for the property to be 3% per year and the going-out capitalization rate in year five to be 10%, determine the net sale proceeds the current owner of the property would receive if he were to sell the property at the end of year five and incur selling expenses that amounted to $58,300.
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Q:
Suppose that examination of a pro forma reveals that the fifth year net operating income (NOI) for an income producing property that you are analyzing is $138,446 (you can assume that this cash flow occurs at the end of the year). If you estimate the projected rental growth rate for the property to be 5% per year, determine the projected sale price of the property at the end of year five if the going-out capitalization rate is 9%.
A. $988,900.00
B. $1,465,037.00
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Q:
Suppose that an income producing property is expected to yield cash flows for the owner of $10,000 in each of the next five years, with cash flows being received at the end of each
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A. $36, 047.76
B. $56,742.69
C. $83,333.33
D. $92,790.45