现金流量贴现模式——美国房地产经济综述之十五

• 作 者: 许谨良
• 出 处: 外国经济与管理
• 发表日期: 1990年02期
• 关键词: 现金流量贴现 总收益 租金水平 自动售货机 租金收入 潜在收益 其他收入 现值 现金流量 百分比

一、基本模式1.潜在总收益。现金流量贴现模式的出发点是潜在总收益,它是假定所有房间都按预定租金水平出租的收入,并加上一些其他收入,如自动售货机的收入。估计潜在总收益要考虑同类公寓的租金收入以及历史数据,并预测潜在收益的变化趋势。2.空房和收租损失。这种损失可以用潜在总收益的一个百分比表示。从潜在总收益中减

First, the basic model 1. Potential total revenue. The starting point of the discounted cash flow model is the potential total revenue, which is the income assumed to be rented at the rent level for all rooms, plus some other income, such as the revenue from vending machines. Estimated potential total revenue to consider rental income and historical data of similar apartments, and predict the trend of changes in potential earnings. 2. Unoccupied and rent loss. This loss can be expressed as a percentage of the potential total return. Subtract from potential total revenue