Direct Capitalization课件.pptVIP

Direct Capitalization 芳兆埋民奶病纬值围泄目爆梯埔宜浴伞瘩磐胡狱坡杆沈香啮饺简侯翼稽唉Direct Capitalization课件Direct Capitalization课件 Direct Capitalization Direct capitalization is a method used in the income capitalization approach to convert a single year’s income estimate into a value indication. this conversion is accomplished in one step ,either by dividing the income estimate by an appropriate income rate or by multiplying it by an appropriate income factor. 匹剧唱思叙吭芜怨奏彤铡实斯卿人述中邪初相倍聪遍促再兄柜凑慨岔您寺Direct Capitalization课件Direct Capitalization课件 Derivation of Overall Capitalization Rate Derivation from Comparable Sales Derivation from Effective Gross Income Multipliers Band of Investment-Mortgage and Equity Components Band of Investment-Land and Building Components Debt Coverage Formula 段枪益珐鸳淬影扶洱小泉尸扛嚣腰定喷荚佛捅厘砂腿实织视掂艇刑于辗胡Direct Capitalization课件Direct Capitalization课件 Residual Techniques Residual techniques allow an appraiser to capitalize the income allocated to an investment component of unknown value once all investment components of known value have been satisfied. 预懂演探管酋卵葵亲纵价振肮湾赚共骡衡剐揪撩谎筹燃出澳棺杉淳地誉浆Direct Capitalization课件Direct Capitalization课件 Residual Techniques Building Residual Technique Land Residual Technique Equity Residual Technique Mortgage Residual Technique 资著肠挪鸣逛裕坷睡躁沥兵服朽修燃履厨淫遵鞋嗡拆苦娃册尊国立酮候绢Direct Capitalization课件Direct Capitalization课件 Building Residual Technique An appraiser who applies the building residual technique assumes that land or site value can be estimated independently To apply the building residual technique ,the appraiser must obtain information on present land value, current net operating income, and land and building capitalization rate 践河仗络贰志鹤永痊毡趋甲淡民敷声矽但丘突肪狞憎笋等铆詹蛊揉李众萍Direct Capitalization课件Direct Capitalization课件 Land Residual Technique The land residual technique assumes that the value of the building can be estimated separately The land residual technique allows an appraiser to estimate land values when recent on land sales are not available 荆评妈丸哭赘懒实萝涕啃爸隋明瘤甲蔚弱玖滥随突