Property Valuation
When appraising an income-producing property in Hawaii, an appraiser would most likely use the:
ASales comparison approach
BCost approach
CIncome approach✓ Correct
DGross rent multiplier
Explanation
The income approach estimates value based on the property's ability to generate income, using capitalization of net operating income (NOI ÷ cap rate = value). It is preferred for investment properties.
Related Hawaii Property Valuation Questions
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