Task number 1
Net operating income is 70 000 USD, the leverage ratio for improvement - 20% capitalization ratio for the land - 17%, the proportion of land in the value of the property is 0.25. Determine the value of the land and the cost of improvements.
Task number 2
In assessing the country land area of \u200b\u200b20 acres collected information on the sale of five objects of comparison. Run sales price adjustment analogues and to determine the market value of the estimated area.
Task number 3
The appraiser determines the most efficient use of available land. The first of the options expected to use CHOD of 900 000 USD in year. Costs for creating improved formulations 4,000,000 USD According to the evaluator, the capitalization rate for the improvement of land and account for 20% and 14%, respectively. Determine the value of the land, the proportion of land in the project cost and the overall capitalization rate.
Task number 4
On a plot of 50 hectares is planned to build a holiday village. 20% of the total area of \u200b\u200bland will be set aside under the road. Construction of roads and laying of communications will begin immediately and will require expenditures in the amount of $ 12 500 per 1 ha of the total area, of which half will be in the first year, and half of the second. At the end of the first year, it is planned to sell 50 undeveloped plots of 0.20 ha each at $ 400 per hundred square meters. On the remaining area will be built cottages, but construction costs which amounted to $ 300 000 per 1 ha. It is expected that 40% of spending on construction will occur in the first year and the second and third year - 30%. Expenses on sales of plots will be $ 6,500 per year. The forecast schedule for the implementation of built-up areas:
* Year number 1 - 0.
* Year number 2 - 50 account. for $ 8000 and 20 account. for $ 85,000.
* Year number 3 - 80 account. for $ 90,000.
* Year number 4 - 35 account. for $ 100,000.
* Year number 5 - 15 account. for $ 115,000.
What is the current value of the land, if the discount rate is 18%?
Task number 5
Client purchased ownership of the undeveloped land area of \u200b\u200b6 hectares and is interested in the terms of its most profitable sales. The appraiser, knowing dubious rapid implementation of the entire land area and having no information about the sales prices of similar objects, offered the option of using the area for placement of a cottage settlement. Analysis has shown that the greatest demand in the local market for cottage construction are landscaped plots of 12 acres. When cutting these areas about 20% of the land would go to the construction of roads, the placement of water intake, transformer stations, fire reservoir and other common areas. Thus, the estimated area can actually be taken and put into the sale of 40 plots of land. If you have reliable access roads and utilities (electricity, water, gas) each portion sold an average of 36 million. Given the current dynamics of the actual sales market can absorb about 10 sites per year, and the whole period of circulation of commodities is 4 years. Costs and profits investors made (in mln. Rubles.):
Setting the number 6
Identify the best and most efficient use of (NNEI) and the value of the land, if you have the following data:
What is the cost of land for the chosen option NNEI?
Target number 7
Estimated land area of \u200b\u200b0.89 hectares with a newly built building worth 173.268 million rubles. The duration of the economic life of the building - 90 years, recovery of the investment in the building is carried out by the method of the Ring (straight-line method). The rate of return on investment for the property is determined at 20%. The area of \u200b\u200bbuilding space leased - 10,635 square meters. m. Rental rate 5200 rubles. for the quarter. m per year, losses from the underutilization of 10%, operating and other expenses - 4.31 million rubles. Determine th