The Residential Appraisal Report – Income Approach Section

The “Income Approach” is one out of three methods that can be used by an appraiser to estimate an opinion of value for your property. The appraiser may not have used this method in your appraisal report because it’s often typically used for commercial property or residential property that’s rented. The income approach section of the residential appraisal report multiplies the market rent for the property by a gross rent multiplier in order to conclude an opinion of value.