RPA426 - Income Properties

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Last revision date 2017-11-21 08:24:02.677
Last review date 2017-11-21 08:24:25.812

Subject Title
Income Properties

Subject Description
This income approach to valuation course looks at the methodology behind developing capitalization rates and the factors that affect them. The course will also look at comprehensive case studies for six major property types typically bought and sold based on their ability to generate revenue and profit. The course describes the unique aspects of each property type and the data that should be collected and analyzed through proforma sales analysis. The nuances of each market, what drives supply and demand, and common issues affecting many properties valued on the income approach will be discussed and evaluated. Case studies will demonstrate the analysis of income and expenses using the common steps in the income approach. The cost and comparative sales approaches to value are compared to the income approach along with the rationale that supports or discounts each as the primary valuation method.

Credit Status
This is a credit subject applicable towards the Real Property Administrative Diploma Program offered through the School of Legal & Public Administration.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Interpret how variations in financing can affect the present value and capitalization rates.
  2. Employ how changes in revenue during the holding period can affect the present value and capitalization.
  3. Interpret and value each property type from a fee simple, as if encumbered perspective.
  4. Differentiate the nuances of each market and what drives supply and demand.
  5. Employ the Overall Capitalization rate to tangible real estate.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.