Term
|
Definition
Rent For Month/Days in Month = Daily Rent Rate
Daily Rent Rate * Number of Days Owned In Month = Prorated Amount.
R/Y = D
D*DL = PRO |
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Term
|
Definition
Annual Taxes/365 = Daily Taxes
Daily Taxes * Days In Month = Prorated Taxes
(T/Y) = DT
(DT*DL) = PRT |
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Term
| Interest on Assumed Mortgage |
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Definition
Loan Balance * Annual Interest / 12 = Interest For Month
Interest For Month / Days In Month = Daily Interest Rate
Daily Interest * Days In Month = Prorated
(L*I) / 12 = IM
(IM/DL) = DI
(DI*DL) = PRO |
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Term
| Documentary Stamps On Deeds |
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Definition
Price / 100 = Number of Stamps
Number of Stamps * .7 = Cost of Doc
(P/100) = SN
(SN*.7) = SC |
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Term
| Documentary Stamps On Notes |
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Definition
Price /100 = #of stamps
#of stamps * .3 = Cost of notes
(P/100) = SN
(SN*.3) = CN |
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Term
| Intangible Tax On Mortgage |
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Definition
Loan Amount * .02 = Intangible Cost
L*.02 = IC |
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Term
|
Definition
EFA / ECA * Reproduction = Accured Depreciation
(EFA/ECA) * R = AD |
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Term
|
Definition
Potential gross income - Vacancy and collection loss + other non rental income = Effective Gross Income
EGI - Operating Expenses = Net Operation Expenses
(PGI - V) + Other = EGI
EGI - OE = NOI |
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Term
|
Definition
NOI / Capitalization Rate = Value
NOI/ Value (sales price) = Capitalization Rate
Capitalization rate * Value = NOI |
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Term
|
Definition
Sales Price / Monthly Rent = Gross Rent Multiplier GRM
Subjects Monthly Rent * Market GRM = Value
S/MR = GRM
SMR * GRM = V |
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Term
|
Definition
Sales Price / Annual Gross Income = Gross Income Multiplier GIM
Subjects Annual Gross Income * Market GIM = Value |
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Term
|
Definition
Annual Property Taxes Due
Asessed Value - Exemptions = Taxable Value
Taxable Value * Tax Rate = Property Tax Due
Property Savings Tax
Total exemptions * Tax rate - Property Tax Savings |
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Term
|
Definition
A BAR SALE
Advertise
Buy
Appraise
Rent
Sell
Auction
Lease
Exchange |
|
|
Term
| Operating Income of a Propety |
|
Definition
I = Net Operating Income
R = Capitalization Rate
V = Value
IRV = Income/Rate = Value
Value = Income/Rate
Income = Rate x Value
Rate = Income / Value |
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|
Term
| Operating Income of a Propety |
|
Definition
I = Net Operating Income
R = Capitalization Rate
V = Value
IRV = Income/Rate = Value
Value = Income/Rate
Income = Rate x Value
Rate = Income / Value |
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Term
|
Definition
| Value = Market Rent * GRM |
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