Abstract
Compares estimating accuracy of two commonly encountered measures of return in real estate investment analysis. Ratio of first year's cash flow to equity; Reciprocal of payback period; Function of net income.
- Title
- Measuring rate of return
- Creators
- Kenneth M Lusht
- Publication Details
- Appraisal journal, Vol.46(2), pp.245-256
- Publisher
- American Institute of Real Estate Appraisers of the National Association of Real Estate Boards
- Identifiers
- 99383437106306570
- Copyright
- Copyright © 2001. All Rights Reserved
- Academic Unit
- Department of Finance & Economics
- Language
- German
- Resource Type
- Journal article