| Additional Comments |
| Cost Approach | COST APPROACH TO VALUE (not required by Fannie Mae) | ||||||
| Provide adequate information for the lender/client to replicate the below cost figures and calculations. | |||||||
| Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value) | |||||||
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ESTIMATED
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OPINION OF SITE VALUE | =$ | |||||
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Source of cost data
|
DWELLING |
Sq.Ft.
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@ $
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=$ | |||
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Quality rating from cost service
Effective date of cost data
|
Sq.Ft.
|
@ $
|
=$ | ||||
| Comments on Cost Approach (gross living area calculations, depreciation, etc.) | =$ | ||||||
| Garage/Carport |
Sq.Ft.
|
@ $
|
=$ | ||||
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Total Estimate of Cost-New
|
=$ | ||||||
| Less | Physical | Functional | External | ||||
| Depreciation | =$ |
(
)
|
|||||
| Depreciated Cost of Improvements | =$ | ||||||
| “As-is” Value of Site Improvements | =$ | ||||||
|
Estimated Remaining Economic Life (HUD and VA only)
Years
|
INDICATED VALUE BY COST APPROACH | =$ | |||||
| Income | INCOME APPROACH TO VALUE (not required by Fannie Mae) |
|
Estimated Monthly Market Rent $
X Gross Rent Multiplier
= $
Indicated Value by Income Approach
|
|
| Summary of Income Approach (including support for market rent and GRM) | |
| PUD Information | PROJECT INFORMATION FOR PUDs (if applicable) | ||
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Is the developer/builder in control of the Homeowners' Association (HOA)?
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| Provide the following information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit. | |||
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Legal Name of Project
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Total number of phases
Total number of units
Total number of units sold
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Total number of units rented
Total number of units for sale
Data source(s)
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Was the project created by the conversion of existing building(s) into a PUD?
If Yes, date of conversion.
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Does the project contain any multi-dwelling units?
Data Source(s)
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Are the units, common elements, and recreation facilities complete?
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Are the common elements leased to or by the Homeowners' Association?
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| Describe common elements and recreational facilities. | |||