BEGIN:VCALENDAR
VERSION:2.0
CALSCALE:GREGORIAN
BEGIN:VEVENT
URL:https://www.learndesk.us/class/4960291886465024/lesson/8620ba8389fc973583ea54f8ed5bdcb6?ref=outlook-calendar
SUMMARY:Value Approaches: Income Approach
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/4960291886465024/lesson/8620ba8389fc973583ea54f8ed5bdcb6?ref=outlook-calendar
DESCRIPTION: Income Approach
• Based on the principle of anticipation: the expected future income stream of property underlies what an investor will pay for the property • Also based on the principle of substitution: that an investor will pay no more for a subject property with a certain income stream than the investor would have to pay for another property with a similar income stream.
Steps in the Income Approach

Estimate potential gross income (units x rent)
Estimate effective gross income (potential - vacancy)
Estimate net operating income (NOI) (effective income - expenses)
Select and apply capitalization rate (NOI ÷ cap rate)


https://www.learndesk.us/class/4960291886465024/lesson/8620ba8389fc973583ea54f8ed5bdcb6?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
BEGIN:VALARM
TRIGGER:-PT10M
DESCRIPTION:Class Reminder
ACTION:DISPLAY
END:VALARM
END:VEVENT
END:VCALENDAR