T,13,42,3,0,properties as similar and proximate to the subject property as possible. (This comparison is based on current rental data, therefore, the rental comparables typically
T,13,53,3,0,are not the same comparables used in the sales comparison analysis.) The appraisal report should assure the reader that the units and properties selected as
T,13,65,3,0,comparables are comparable to the subject property (both the units and the overall property) and accurately represent the rental market for the subject property
T,13,76,3,0,(unless otherwise stated within the report).
T,38,91,4,0,ITEM
T,120,91,4,0,SUBJECT
T,193,91,4,0,COMPARABLE RENTAL NO. 1
T,335,91,4,0,COMPARABLE RENTAL NO. 2
T,478,91,4,0,COMPARABLE RENTAL NO. 3
T,15,115,3,0,Address
T,14,146,3,0,Proximity to subject
T,13,170,2,0,Lease dates (if available)
T,13,185,3,0,Rent survey date
T,14,208,3,0,Data source
T,13,237,3,0,Rent concessions
T,93,261,3,0,#Units
T,140,261,3,0,#Vac.
T,190,261,3,0,#Units
T,236,261,3,0,#Vac.
T,280,261,3,0,Yr.Blt.:
T,330,261,3,0,#Units
T,376,261,3,0,#Vac.
T,418,261,3,0,Yr.Blt.:
T,472,261,3,0,#Units
T,518,261,3,0,#Vac.
T,564,261,3,0,Yr.Blt.:
T,15,273,3,0,Description of
T,93,276,3,0,Yr.Blt.:
T,15,283,3,0,property-units,
T,15,292,3,0,design, appeal,
T,14,301,3,0,age, vacancies
T,14,311,3,0,and conditions
T,298,352,3,0,Total
T,439,352,3,0,Total
T,581,352,3,0,Total
T,97,353,3,0,Room Count
T,196,354,3,0,Room Count
T,337,353,3,0,Room Count
T,479,353,3,0,Room Count
T,162,355,3,0,Size
T,259,355,3,0,Size
T,400,355,3,0,Size
T,543,355,3,0,Size
T,292,361,3,0,Monthly
T,434,361,3,0,Monthly
T,576,361,3,0,Monthly
T,157,368,3,0,Sq. Ft.
T,255,368,3,0,Sq. Ft.
T,396,368,3,0,Sq. Ft.
T,538,368,3,0,Sq. Ft.
T,298,370,3,0,Rent
T,440,370,3,0,Rent
T,582,370,3,0,Rent
T,91,369,3,0,Tot
T,108,369,3,0,Br
T,127,369,3,0,Bath
T,190,369,3,0,Tot
T,207,369,3,0,Br
T,226,369,3,0,Bath
T,330,369,3,0,Tot
T,348,369,3,0,Br
T,366,369,3,0,Bath
T,472,369,3,0,Tot
T,490,369,3,0,Br
T,509,369,3,0,Bath
T,15,385,3,0,Individual
T,15,394,3,0,unit
T,15,403,3,0,breakdown
T,15,468,3,0,Utilities,
T,15,477,3,0,furniture, and
T,15,486,3,0,amenities
T,15,496,3,0,included in rent
T,15,559,3,0,Functional utility,
T,15,568,3,0,basement,
T,15,577,3,0,heating/cooling,
T,15,586,3,0,project amenities,
T,15,596,3,0,etc.
T,17,631,5,0,Reconciliation of rental data and support for estimated market rents for the individual subject units (including the adjustments used, the adequacy of comparables, rental concessions, etc.)
T,13,30,3,0,At least three rental comparables should be reported and analyzed in this section. The rental comparables should represent the most current rental information on
T,17,846,7,0,Subject's rent schedule
T,110,847,3,0,The rent schedule reconciles the applicable indicated monthly market rents to the appropriate subject unit, and provides the estimated rents
T,17,857,3,0,for the subject property. The appraiser must review the rent characteristics and the comparable sales to determine whether estimated rents should reflect actual or
T,17,867,3,0,market rents. For example, if actual rents were available on the sales comparables and used to derive the gross rent multiplier (GRM), actual rents for the subject
T,17,877,3,0,should be used. If market rents were used to construct the comparables' rents and derive the GRM, market rents should be used. The total gross estimated rent
T,17,887,3,0,must represent rent characteristics consistent with the sales comparable data used to derive the GRM. The total gross estimated rent is not adjusted for vacancy.
T,250,904,4,0,ACTUAL RENTS
T,466,904,4,0,ESTIMATED RENTS
T,173,916,3,0,No.
T,82,918,3,0,Lease Date
T,252,917,3,0,Per Unit
T,460,917,3,0,Per Unit
T,361,922,3,0,Total
T,569,922,3,0,Total
T,20,926,3,0,Unit
T,171,926,3,0,Units
T,360,932,3,0,Rents
T,568,933,3,0,Rents
T,65,933,3,0,Begin
T,127,933,3,0,End
T,208,933,3,0,Unfurnished
T,284,933,3,0,Furnished
T,418,933,3,0,Unfurnished
T,492,933,3,0,Furnished
T,167,935,3,0,Vacant
T,200,949,4,0,$
T,270,949,4,0,$
T,338,949,4,0,$
T,408,949,4,0,$
T,478,949,4,0,$
T,545,949,4,0,$
T,338,1010,4,0,$
T,545,1010,4,0,$
T,545,1027,4,0,$
T,16,1026,3,0,Other monthly income (itemize)
T,223,1043,4,0,%
T,300,1043,4,0,% $
T,435,1042,6,0,Total gross estimated rent
T,545,1042,4,0,$
T,134,1043,3,0,% Previous year
T,237,1043,3,0,Estimated:
T,391,1043,3,0,Annually
T,16,1043,3,0,Vacancy: Actual last year
T,16,1061,3,0,Utilities included in estimated rents:
T,162,1061,3,0,Electric
T,210,1061,3,0,Water
T,255,1061,3,0,Sewer
T,300,1061,3,0,Gas
T,337,1061,3,0,Oil
T,370,1061,3,0,Trash collection
T,17,1089,5,0,Comment on the rent schedule, actual rents, estimated rents (especially regarding differences between actual and estimated rents), utilities, etc.:
T,133,12,1,0,SMALL RESIDENTIAL INCOME PROPERTY APPRAISAL REPORT
T,159,1238,2,0,This form was reproduced by United Systems Software Company (800) 969-8727 - Page 3 of 4