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Updated about 6 years ago,
Does income approach appraisal value mean anything?
Hello everyone, I just received the appraisal report back for our first rental property (scheduled to close first week of Jan). In the report it gave a sales approach, cost approach, and an income approach. I understand the difference between the 3, but not sure what significance they have, for example when leveraging a property.
Any information or feedback would be sincerely appreciated!