Income property appraisal

Introduction to income property valuation -- Appraisal principles and highest and best use -- Market area and neighborhood analysis -- Compound interest and discount factors -- Cash-flow forecasting -- Investment return calculations -- Income capitalization approach -- Sales comparison approach -- Site and improvements description and analysis -- Site valuation -- The cost approach -- Leased fee and leasehold valuation -- Investment measures with mortgage financing -- Valuation of mortgage and equity interests -- Valuation of nontypical mortgage financing -- Selecting and supporting the discount rate -- Highest and best use analysis : applications