The more information you have, the more confidence you can place in your estimate of the market value of your property.
Important questions to understand:
- Will the property generate adequate cost flow?
- Will the property appreciate at an above-average rate?
- Will you be able to increase the value of the property through select improvements?
In real estate, net operating income is defined as annual gross potential rental income from a property less vacancy and collection losses, operating expenses, replacement reserves, property taxes, and property and liability insurance.
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