How do I value an income-producing property?

Valuing an income-producing property starts with its net operating income, meaning rent collected minus vacancy, taxes, insurance and maintenance, then compares that income against what similar rented properties nearby have actually sold for. Square footage alone tells a much smaller part of the story than it would for an owner-occupant home. Brian Beatty builds that income-based comparison alongside a traditional comparable-sales check before quoting a figure.