Subtract all expenses, but not including mortgage payments.
Subtract all expenses, but not including mortgage payments. The tough part getting accurate income figures. If these provide $6,000 of the income, that would add $75,000 to the appraised value (.08 cap rate). Steve Gillman has invested realestate for years. If the common capitalization rate is .10, for example (ask a realestate agent), divide the income of $52,000 by .10, and you get $520,000. No formula is perfect, and all [...] Therefore it is the income that is used to determine value. Easy realestate Appraisal?
Chula Vista Ca Real Estate
Information is deemed reliable but not guaranteed.