| 000 | 01480cam a2200277 4500 | ||
|---|---|---|---|
| 001 | ABS67973 | ||
| 008 | 040702n2004 000 0 eng u | ||
| 035 | _a(Sirsi) u126684 | ||
| 100 | _aSevelka, T. | ||
| 245 | _aWhere the overall cap rate meets the discount rate | ||
| 260 | _c2004 | ||
| 490 |
_aAppraisal Journal _v72(2) Spring 2004, 135-146(12) |
||
| 520 | _aThis article explores the relationship between the overall capitalization rate (R) and the discount rate (Y). It illustrates how value equivalency can be achieved between direct capitalization and yield capitalization (ie, discounted cash flow) when the percentage change in annual net operating income is made to correspond to the spread between a uniquely paired R and Y. A number of investor survey simulations are performed as further support for the premise that each uniquely paired R and Y is linked by the corresponding income-growth factor and illustrates that investor surveys can be reliably used as a source for uniquely paired Rs and Ys in the application of the income capitalization approach. [Taken from journal abstract]. | ||
| 590 | _aABS | ||
| 590 | _aABS | ||
| 650 | _aDISCOUNTED CASH FLOW | ||
| 650 | _aDISCOUNTED CASH FLOW ANALYSIS | ||
| 650 | _aCAPITALIZATION | ||
| 650 | _aRENTAL INCOME | ||
| 650 | _aINFLATION | ||
| 650 | _aVALUATION MODELS | ||
| 650 | _aINVESTOR SURVEYS | ||
| 650 | _aREAL INCOME GROWTH | ||
| 690 | _aVALUATION AND INVESTMENT APPRAISAL | ||
| 942 | _n0 | ||
| 999 |
_c117644 _d117644 |
||