- Apr 4, 2002
- Professional Status
- Certified Residential Appraiser
I have not done a 1002 for an investment property. Could some one tell me how I consider the results of the Operating Income Statement and Comparable Rent Schedule forms in the appraised value. I understand this is a SFR propety. I understand it is investment thus the income approach. I am have pulled SFR comparable sales and rental comparable sales based on my adjustments for both and my final adjusted sales values I want some feedback as to how I should consider each. That is the income approach vs the comparable sales approach. Usually the income approach should get the most weight, but this is a SFR. How should I evaluate based on a SFR being used as an investment property. should i give the income approach more weight although the home can just as easily be used as a residential property or should I give each 1/2 consideration?