The process begins with the gross income of a realestate. You then subtract all expenses, but not mortgage payments. It’s also not ideal to use replacement costs for income realestate appraisal. Income, then, is what is used to determine value. 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. Take net income before debt-service, and divide by the “cap rate:” It’s a simple formula. Instead, do the appraisal without this income included, then add [...]
Jacksonville Beach FL Real Estate

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