Sales Comparison Approach: Market Data Grid Elements of Subject Comparison Site size Effective age Living area Number of baths Porch Pool 0.6 acres 5 yrs 2,000 sq. ft. 2 00000000 Comparable Sale #1 0.65 acres 3 yrs 2,040 sq. ft. 3 200 sq. ft. None None Pool Amounts of the adjustment for each item: Lot size: $100,000 per acre; Age: $1,500 per year, Living area: $50 per square foot; Bath: $5,000; Porch: $20 per square foot; Pool: $10,000. What are the adjustment factors for living area, porch and pool for comparable sale #17 Negative 2,000 for living area; negative 4,000 for porch; negative 10,000 for pool. Negative 2,000 for living area; negative 4,000 for porch; positive 10,000 for pool. Negative 2,000 for living area; positive 4,000 for porch; negative 10,000 for pool. Positive 2,000 for living area; negative 4,000 for porch, negative 10,000 for pool. Positive 2,000 for living area; positive 4,000 for porch; negative 10,000 for pool. Positive 2,000 for living area; negative 4,000 for porch; positive 10,000 for pool. Negative 2,000 for living area; positive 4,000 for porch; positive 10,000 for pool. Positive 2,000 for living area; positive 4,000 for porch; positive 10,000 for pool.

Sales Comparison Approach: Market Data Grid Elements of Subject Comparison Site size Effective age Living area Number of baths Porch Pool 0.6 acres 5 yrs 2,000 sq. ft. 2 00000000 Comparable Sale #1 0.65 acres 3 yrs 2,040 sq. ft. 3 200 sq. ft. None None Pool Amounts of the adjustment for each item: Lot size: $100,000 per acre; Age: $1,500 per year, Living area: $50 per square foot; Bath: $5,000; Porch: $20 per square foot; Pool: $10,000. What are the adjustment factors for living area, porch and pool for comparable sale #17 Negative 2,000 for living area; negative 4,000 for porch; negative 10,000 for pool. Negative 2,000 for living area; negative 4,000 for porch; positive 10,000 for pool. Negative 2,000 for living area; positive 4,000 for porch; negative 10,000 for pool. Positive 2,000 for living area; negative 4,000 for porch, negative 10,000 for pool. Positive 2,000 for living area; positive 4,000 for porch; negative 10,000 for pool. Positive 2,000 for living area; negative 4,000 for porch; positive 10,000 for pool. Negative 2,000 for living area; positive 4,000 for porch; positive 10,000 for pool. Positive 2,000 for living area; positive 4,000 for porch; positive 10,000 for pool.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 90PSB

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Questions: 1. What amount should be allocated as total cost of Class B lots under the relative sales price method? a. 1,176,000 b. 1,220,000 c. 1,276,000 d. 1,700,000 2. If Elixir Company was able to sell all the lots except for 15 lots of Class C, how much is the cost of sales to be recognized for the year?
23) Data collected about the comparable sales and the subject for the appraisal assignment is presented in the following table. What is the indicated value of the subject property? Gross Rent Rental A B C D Subject $10,000.00 $10,000.00 $23,400.00 $22,050.00 A) $198,000 B) $221,500 C) $201,500 D) $191,500 Cultivated Acres 200 150 250 130 160 Pasture Acres 0 100 100 250 100 Buildings no no house house / barns house / barns Sale Price $100,000.00 $100,000.00 $230,400.00 $220,500.00
Complete the following paragraphs : If the common cost ( 450 000)$. distribution between S. and R. using N.R.V. the sales Value of S. ( 255 000)$. , ( 300 000)$. to the R. and the Cost after off point to the (S. ) ( 125 000)$. the value of N.R.V. to the S. ?. * (- 130000 )$ ( 130000)$. ( another option)
If the common cost ( 350 000)$. distribution between S. and R. using N.R.V. the sales Value of S. ( 200 000)$. , ( 300 000)$. to the R. and the Cost after off point to the R. ( 155000)$. the value of N.R.V. to the R. ? *
12) The data in the table are for the subject and three comparable properties. What is the adjustment to sale 1 for a corner lot? Sale price Size Price per sf Date Location Subject 19,000 sf Current Interior A) $0.39 per sf B) $0.54 per sf C) ($0.54) per sf D) ($0.39) per sf Sale 1 $57,380 19,000 sf $3.02 1 year ago Corner Sale 2 $52,600 20,000 sf $2.63 Current Interior Sale 3 $48,750 19,500 sf $2.50 1 year ago Interior
a. If Elixir Company was able to sell all the lots except for 15 lots of Class C, how much is the cost of sales to be recognized for the year? b. What amount should be allocated as total cost of Class B lots under the Relative Sales Price method?
Calculate the NOI of a property based upon the information provided below: Building area: Average base rents: .NNN recoveries: Vacancy rate: Operating expenses . . • Percentage rent . Concessions . Annual debt service 165,720 O 315,720 O 375.720 440,220 O 478.500 O None of these 15,000 sqft $27.50 psf $4.00 psf 5.0% $4.30 psf $6,000 per year 3.0% $210,000 per year
you have asked to estimate the value of the subject property that has gross rental income of $130,000 and a NOI of $58,000. A summary of transaction data on three comparable market is in the table below. Sp : 650,000 750,000 450,000 Gross rental income: 100 000 150,000 75,000 NOI. : 50 000 56,000 36,000 Based on two methods that are frequently used in the Income approach your task is to estimate the value of subject property. Which method give the highest value? (Ch 10) the subject property has a rentable area of 1,500 Sqm, construction costs amount to $30/sqm. Estimated economic life of building is 50 years. Economic depreciation in terms on negative changes in the neighborhood is estimated to $1000 and based on the sales comparison approach the estimated value of the land amounts to 10,000. Current age of the building is 10 years. Based on the cost Approach your task is to estimate the value of the subject proper
How do i create an NPV graph on excel using these data: Unit Sale NPV 1,000,000.00 - 2,952,452.00 1,500,000.00 - 2,001,492.00 2,000,000.00 - 1,050,533.00 2,500,000.00 - 384,861.00 2,789,077.17 - 3,000,000.00 280,811.00 3,500,000.00 946,482.00 4,000,000.00 1,612,154.00 4,500,000.00 2,277,826.00
If the common cost ( 350 000)$. distribution between S. and R. using N.R.V. the sales Value of S. ( 200 000)$. , ( 300 000)$. to the R. and the Cost after off point to the S. ( 145000)$. the value of N.R.V. to the S. ? * . a- ( 145000)$. b-(55000 )$. C- ( another option)
Given the following information, what adjustment would need to be made to account for the lot size difference between the Subject Property and Comparable Property? Market Conditions Lot Size Effective Age (Years) Living Area (Square Feet) Bath Bedrooms Time Sold Lot Size (Acres) Effective Age (Years) Living Area (Square Feet) Bath Bedrooms Sale Price Adjustments -0.50% (per month) $ 25,000 (per acre) (per year) $1,000 $ 45.00 (per square feet) 1,250 (per bath) $3,000 (per bedroom) Subject Property Today 0.83 2,197 3.5 Comparable Property 4 Months Ago 0.80 2,383 3.5 4 $ 287,000
eBook Determining missing items in return on investment and residual income computations The following table presents various rates of return on investment and residual incomes: InvestedAssets OperatingIncome Return onInvestment MinimumRate ofReturn MinimumAcceptableOperatingIncome ResidualIncome $980,000 $215,600 (a) 12% (b) (c) 520,000 (d) (e) (f) $62,400 $20,800 320,000 (g) 14% (h) 35,200 (i) 240,000 50,400 (j) 12% (k) (l) Determine the missing items, identifying each item by the appropriate letter. Round dollar amounts to the nearest whole number. Answer a. fill in the blank 1 % b. $fill in the blank 2 c. $fill in the blank 3 d. $fill in the blank 4 e. fill in the blank 5 % f. fill in the blank 6 % g. $fill in the blank 7 h. fill in the blank 8 % i. $fill in the blank 9 j. fill in the blank 10 % k. $fill in the blank 11 l. $fill in the blank 12