Princeton New Jersey Real Estate

The process begins with the gross income of a land. It’s also not ideal to use replacement costs for income land appraisal. Take net income before debt-service, and divide by the “cap rate:” It’s a simple formula. Income, then, is what is used to determine value. You then subtract all expenses, but not funding payments. Instead, do the appraisal without this income included, then add […] For example, if a building’s gross income is $82,000 per year, and the expenses $30,000, you have a net (before debt-service) of $52,000.
Playa del Rey Real Estate

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