房地产财务评价.pdf

Chapter 9 Measuring Investment Performance Contents 9.1 Traditional Measures of Investment Worth (rule of thumb) 9.2 Traditional Appraisal Methods 9.3 Discounted Cash-flow Analysis 9.4 Risk Analysis 9.5 Case Study 9.1、Traditional measures of investment worth 传统经验法 Typical operating statement  Potential gross income less: allowance for vacancies and rent loss plus: Other income (parking)  Effective gross income less: Operating Expenses  Net operating income  Net operating income