An appraiser has valued a single-family rental property in a neighborhood where almost all the homes are leased. What approach did he most likely use to determine the value for this property?

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Mathematics

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6 December, 06:30

An appraiser has valued a single-family rental property in a neighborhood where almost all the homes are leased. What approach did he most likely use to determine the value for this property?

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Sanai Vargas · Answer 1

The income approach,

Step-by-step explanation:

Since an appraiser has estimated the value of a family rental property based on the income the property generates, he most likely used the income approach.