Session 13: Alternative Asset Valuation Reading 48: Income Property Analysis and Appraisal
LOS c: Estimate the market value of a real estate investment using the direct income capitalization approach and the gross income multiplier technique.
Assume that a property has a gross annual income equal to $150,000, and that comparable properties have a gross income multiplier equal to 11.25. The gross income multiplier approach provides a market value for this property that is closest to:
Gross income multiplier technique: MV = gross income × income multiplier. MV = $150,000 × 11.25 = $1,687,500
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