Income property valuation and the use of market extracted overall capitalisation rates

Sirmans, C. F.

Income property valuation and the use of market extracted overall capitalisation rates - 1986 - Real Estate Appraiser and Analyst 52(2) Summer 1986,64-68(5) .

Presents the results of a study undertaken in the USA, for the period 1963-1975,in which variations in the net income and sales prices of 137 blocks of residential flats in Chicago ,Illinois were analysed. This was an attempt to determine the validity of using market extracted overall rates of return as appraisal methods for estimating the value of income-producing property. Extensive calculations.Tables,references.


CAPITALISATION RATES
INCOME APPROACH
REGRESSION ANALYSIS
UNITED STATES
VALUATION METHODS