免费收益法计算器
使用收益法评估房产投资价值。
Indicated Property Value
$557,143
Indicated Property Value vs Market Cap Rate
公式
Income Approach to Value
The income approach (direct capitalization) converts a property's income stream into a value estimate using a cap rate derived from market data.
Steps
1. Start with gross annual income 2. Subtract vacancy allowance to get effective gross income 3. Subtract operating expenses to get net operating income (NOI) 4. Divide NOI by the market cap rate to get property value
Formula
Value = NOI / Cap Rate
计算示例
A duplex generates $60,000 gross income, with 5% vacancy, $18,000 expenses, and a 7% market cap rate.
- 01Effective gross income: $60,000 x (1 - 0.05) = $57,000
- 02Net operating income: $57,000 - $18,000 = $39,000
- 03Property value: $39,000 / 0.07 = $557,143
常见问题
When is the income approach used?
The income approach is primarily used for income-producing properties like rentals, apartments, and commercial buildings. It is less useful for owner-occupied homes that do not generate income.
Where does the cap rate come from?
The market cap rate is derived from recent sales of comparable income-producing properties by dividing their NOI by their sale price. It reflects the return investors expect in that market.
What expenses are included in operating expenses?
Operating expenses include property taxes, insurance, management fees, maintenance, utilities (if owner-paid), and reserves. They exclude mortgage payments and depreciation.