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Featured Homes for Sale |
 4108 Maureen Lane, Fairfax, VA 22033 |
Must See in Person. Super Master Suite!
Beautifully renovated Georgetown model in sought-after Greenbriar. Single family living in Fairfax at a great price! This 4 bedroom model has been renovated into a 3 bedroom with a huge Master Suite, sitting area, walk-in closet and Luxury Master bath. This home features 2 full baths & 1 half-bath, hardwood flooring in foyer, dining room and office and a 2 Car garage.The exterior is nicely landscaped and has a wonderful private back yard with patio that is perfect for entertaining and family cookouts. No HOA. MLS:FX6302311 . Price Reduced: $539,900.
This home is also for Rent at $2,000/month w/12 month lease.
See the Virtual Tour, Pictures and Map. Email Us. |
 8216 Ancient Oak Ct., Manassas, VA 20111 |
Beautiful 4/5 Bedroom Home
w/3 Finished Levels!
Beautifully maintained 4/5BR, 3.5 BA home on cul-de- sac. The main level of this home features hardwood flooring in the foyer, a large living room, dining room and beautiful kitchen with a sun-filled breakfast room, vaulted ceiling, newer refrigerator & sink, cozy family room with fireplace. The upper level has a large master bedroom & luxury master bath, laundry room and 3 other bedrooms. The lower level is completely finished with a full bath, family room, game room, guest bedroom and spare room for storage or office. Convenient to VRE.
MLS: PW6289166.
Price: $549,000.
See the Virtual Tour, Pictures and Map. Email Us. |
1212 Springtide Place, Herndon, VA 20170 |
Charming 3BR End-unit Townhome in Fairfax!
Charming 3BR, 2.5B End-unit townhome in a great location! Newer roof, siding, windows, appliances, front door, furnace, hardwood style laminate flooring on main level & stairs. Exterior features a huge deck, Shed, Garden area and a Maintenance FREE exterior (no painting!). Community has Tennis & Basketball courts, swimming pools and more. Carpet allowance negotiable.
MLS: FX6276655. Price Reduced: $359,000
See the Virtual Tour, Pictures and Map. Email Us. |
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Joy
Ramos
REALTOR |
Frank Ramos - The Ramos Team
Keller Williams Fairfax Gateway
12700 Fair Lakes Circle Suite 120
Fairfax, VA 22033
703-594-1846
Each Office Independently
Owned and Operated
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Frank
Ramos
REALTOR,
e-PRO |
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Commercial Corner
By Frank Ramos
Investment Value and Performance
Direct Capitalization
Investors and appraisers often capitalize the income stream of a property to determine value. Investors capitalize an income streat to determine investment value, appraisers capitalize an income stream to determine market value.
Direct capitalization is a process where you convert a future income stream into a prevent value (PV) by dividing a future income amount by a capitalizaton rate, or cap rate. The cap rate is the ratio between purchase price and the first-year income (net operating income) of the property as shown by the formula below:
R = I / V
where V = Investment Value, I = First Year Income and R = Overall capitalization rate (cap rate).
Measuring Investment Values Using Direct Capitalization
You can also determine the investment value through direct capitalization using the following formula:
V = I / R
At this point you might be asking, "where doest the R or cap rate come from?". The cap rate comes from the market and/or buyer's objectives.
Measuring Investment Performance Using Direct Capitalization
When used to measure investment performance at a given purchase price, solve for the cap rate using the following formula:
R = I / V
Pros and Cons of Direct Capitalization
One of the major advantages of using the cap rate is its simplicity. Also, because it uses Net Operating Income, it accounts for vacancy, credit losses and operating expenses. However, it does not consider financing or tax impact and only looks at a 1 year forecast. To offset the later limitation, you can select a different cap rate for subsequent years.
In a future column I will discuss another method to determine investment value or measure investment performance called the Cash on Cash method.
ICE.com |
Frank Ramos
Copyright Frank Ramos, 2007
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does mean that as far as I know the product is not a
rip-off. When I really like a product and want you to buy it
I'll tell you explicitly. Otherwise, view these ads the way
you would commercials on TV or display ads in the back of
your favorite magazine. Check them out. Make a decision.
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