Measure used in the income approach, calculating the ratio between the annual net income and the value of a property.

Estimates value by the cost to replace or reproduce the property, minus depreciation.

Estimates value by the cost to replace or reproduce the property, minus depreciation.

Used for income-producing properties, which estimates value based on the income the property is expected to generate.

Compares the property being valued with similar properties that have recently sold in the same area.