Dec
26
This is the value of the building. Subtract
December 26, 2009 |
This is the value of the building. Subtract all expenses, but not including mortgage payments. The rate of return expected by investors in a given area gives you the capitalization rate, and this is what you use to accurately appraise an income land. Therefore, a market analysis using comparable sales isn’t normally used. No formula is perfect, and all are only as good as the figures you plug into them. Do the appraisal without this income included, then add back the replacement cost of the machines (probably much less than $75,000). The tough part [...]
Orlando Real Estate agent
Information is deemed reliable but not guaranteed.
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