Course 56

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Author:
lacochinita
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208499
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Course 56
Updated:
2013-03-21 06:20:33
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Advanced Sales Comparison and Income Capitalization Approach
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  1. 1/an

    Periodic Repayment
  2. The direct reduction loan factor for a loan, given the interest rate and amortization term
  3. The direct reduction loan factor for a loan, given the interest rate and amortization term.
  4. The direct reduction loan factor for a loan, given the interest rate and amortization term.
  5. The direct reduction loan factor for a loan, given the interest rate and amortization term.
    1/an

    Periodic Repayment
  6. 1/Sn

    Present Worth of $1
  7. A compound interest factor that indicates how much $1 due in the future is worth today.
  8. A compound interest factor that indicates how much $1 due in the future is worth today.
    1/Sn

    Present Worth of $1
  9. 1/Sn

    Sinking Fund Factor
  10. The Compound interest factor that indicates the amount per period that will grow, with compound interest, to $1.
  11. The Compound interest factor that indicates the amount per period that will grow, with compound interest, to $1.
    1/Sn

    Sinking Fund Factor
  12. ADR

    Average Daily Rate
  13. Total guest room revenue divided by the number of occupied room nights for a specific period
  14. Total guest room revenue divided by the number of occupied room nights for a specific period
    ADR

    Average Daily Rate
  15. an

    Present Worth of $1 Per Period
  16. A compound interest factor that indicates how much $1 paid periodically is worth today.
  17. A compound interest factor that indicates how much $1 paid periodically is worth today.
    an

    Present Worth of $1 Per Period
  18. DCF

    Discounted Cash Flow Method
  19. The procedure in which a discount rate is applied to a set of projected income streams and a reversion.
  20. The procedure in which a discount rate is applied to a set of projected income streams and a reversion.
    DCF

    Discounted Cash Flow Method
  21. EGI

    Effective Gross Income
  22. The anticipated income from all operations of the real property after an allowance is made for vacancy and collection losses.
  23. The anticipated income from all operations of the real property after an allowance is made for vacancy and collection losses.
    EGI

    Effective Gross Income
  24. Effective Tax Rate
  25. The effective tax rate relates tax expense to before–tax income. A reduction in the effective tax rate from a one-time source (such as an investment tax credit from a major plant expansion) causes overstated earnings from the point of view of the investment analyst.
  26. The effective tax rate relates tax expense to before–tax income. A reduction in the effective tax rate from a one-time source (such as an investment tax credit from a major plant expansion) causes overstated earnings from the point of view of the investment analyst.
    • Effective Tax Rate
  27. Sn

    Future Worth of $1
  28. The compound interest factor that indicates the amount to which $1 will grow with compound interest at a specified rate for a specified number of periods.
  29. The compound interest factor that indicates the amount to which $1 will grow with compound interest at a specified rate for a specified number of periods.
    Sn

    Future Worth of $1
  30. Sn

    Future Worth of $1 Per Period
  31. The compound interest factor that indicates the amount to which $1 per period will grow with compound interest at a specified rate for a specified number of periods.
  32. The compound interest factor that indicates the amount to which $1 per period will grow with compound interest at a specified rate for a specified number of periods.
    Sn

    Future Worth of $1 Per Period
  33. GIM

    Gross Income Multiplier
  34. The relationship between sales price (or value) and gross income, expressed as a factor.
  35. The relationship between sales price (or value) and gross income, expressed as a factor.
    GIM

    Gross Income Multiplier
  36. GRM

    Gross Rent Multiplier
  37. The relationship between sales price (or value) and gross rent, expressed as a factor.
  38. The relationship between sales price (or value) and gross rent, expressed as a factor.
    GRM

    Gross Rent Multiplier
  39. GRIM

    Gross Room Income Multiplier
  40. The relationship or ratio between the sale price of a property and its gross rental income.
  41. The relationship or ratio between the sale price of a property and its gross rental income.
    GRIM

    Gross Room Income Multiplier
  42. GRRM

    Gross Room Rent Multiplier
  43. Same as
  44. i

    Interest Rate
  45. The price of money; the rate of return or yield rate on debt capital.
  46. The price of money; the rate of return or yield rate on debt capital.
    i

    Interest Rate
  47. IRR

    Internal Rate of Return
  48. The annualized rate of return on invested capital which is generated or is capable of being generated within an investment over a period of ownership.
  49. The annualized rate of return on invested capital which is generated or is capable of being generated within an investment over a period of ownership.
    IRR

    Internal Rate of Return
  50. M

    Mortgage Ratio
  51. Same as above
  52. Rm

    Mortgage Constant
  53. The capitalization ratio for debt; the ratio of annual debt service to the principle amount of the mortgage loan.
  54. The capitalization ratio for debt; the ratio of annual debt service to the principle amount of the mortgage loan.
    Rm

    Mortgage Constant
  55. NIBR (NOI)

    Net Income Before Recapture
  56. Annual net income remaining after deducting all operating expenses including property taxes but before deducting financial charges such as recapture and debt service; also known as net operating income.
  57. Annual net income remaining after deducting all operating expenses including property taxes but before deducting financial charges such as recapture and debt service; also known as net operating income.
    NIBR (NOI)

    Net Income Before Recapture
  58. NIBR&T

    Net Income Before Recapture and Taxes
  59. Annual net income remaining after deducting all operating expenses but before deducting property taxes and financial charges such as recapture and debt service.
  60. Annual net income remaining after deducting all operating expenses but before deducting property taxes and financial charges such as recapture and debt service.
    NIBR&T

    Net Income Before Recapture and Taxes
  61. NOI

    Net Operating Income
  62. The actual or anticipated net income that remains after all operating expenses are deducted from effective gross income, but before mortgage debt service and book depreciation are deducted.
  63. The actual or anticipated net income that remains after all operating expenses are deducted from effective gross income, but before mortgage debt service and book depreciation are deducted.
    NOI

    Net Operating Income
  64. Ro

    Operating Expense Ratio
  65. An income ratio for a total real property interest that reflects the relationship between a single year's net operating income expectancy and the total property price or value.
  66. An income ratio for a total real property interest that reflects the relationship between a single year's net operating income expectancy and the total property price or value.
    Ro

    Operating Expense Ratio
  67. PGI

    Potential Gross Income
  68. The total income attributable to real property at full occupancy before vacancy and operating expenses are deducted.
  69. The total income attributable to real property at full occupancy before vacancy and operating expenses are deducted.
    PGI

    Potential Gross Income
  70. PR

    Periodic Repayment
  71. The direct reduction loan factor for a loan, given the interest rate and amortization term.
  72. The direct reduction loan factor for a loan, given the interest rate and amortization term.
    PR

    Periodic Repayment
  73. R

    Capitalization Rate
  74. Any rate used to convert income into an indicator of value; a ratio that expresses a relationship between income and value.
  75. Any rate used to convert income into an indicator of value; a ratio that expresses a relationship between income and value.
    R

    Capitalization Rate
  76. RE

    Equity Capitalization Rate
  77. A rate that reflects the relationship between the equity dividend and the equity investment (i.e., a single year’s net income before recapture less debt service divided by the equity investment); a rate used to convert the equity dividend into an indicator of equity value; also known as the equity dividend rate, the cash on cash rate or the cash flow rate.
  78. A rate that reflects the relationship between the equity dividend and the equity investment (i.e., a single year’s net income before recapture less debt service divided by the equity investment); a rate used to convert the equity dividend into an indicator of equity value; also known as the equity dividend rate, the cash on cash rate or the cash flow rate.
    RE

    Equity Capitalization Rate
  79. Rm

    Mortgage Constant or Mortgage Rate
    The capitalization rate for debt; the ratio of the annual debt service to the principal amount of the mortgage loan; the total annual amount required to pay off an amortizing loan with level monthly payments, expressed as a percentage of the original loan amount.
  80. The capitalization rate for debt; the ratio of the annual debt service to the principal amount of the mortgage loan; the total annual amount required to pay off an amortizing loan with level monthly payments, expressed as a percentage of the original loan amount.
    Rm

    Mortgage Constant or Mortgage Rate
  81. Rn

    Terminal Capitalization Rate
    Same as above
  82. Ro

    Overall Rate
  83. An income rate for a total real property interest that reflects a single year's net operating income expectancy and the total property value.
  84. An income rate for a total real property interest that reflects a single year's net operating income expectancy and the total property value.
    Ro

    Overall Rate
  85. REVPAR

    Revenue Per Available Room (Hotels & Motels)
  86. Percentage of occupancy times the average room rent.
  87. Percentage of occupancy times the average room rent.
    REVPAR

    Revenue Per Available Room (Hotels & Motels)
  88. V&C

    Vacancy and Collection Loss
  89. An allowance for reduction in potential income attributable to vacancies, tenant roll over, and non payment of rent.
  90. An allowance for reduction in potential income attributable to vacancies, tenant roll over, and non payment of rent.
    V&C

    Vacancy and Collection Loss
  91. Yo

    Yield Rate
  92. A rate of return on capital, usually expressed as a compound annual percentage rate. Yield rates include the interest rate, discount rate, internal rate of return, overall yield rate  and equity yield rate.
  93. A rate of return on capital, usually expressed as a compound annual percentage rate. Yield rates include the interest rate, discount rate, internal rate of return, overall yield rate  and equity yield rate.
    Yo

    Yield Rate
  94. Ye

    Equity Yield Rate
  95. A rate of return on equity capital as distinguished from the rate of return on debt capital.
  96. A rate of return on equity capital as distinguished from the rate of return on debt capital.
    Ye

    Equity Yield Rate
  97. Ym

    Mortgage Yield Rate
    Same as above

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