Income Yield Capitalization --- page 2  (Property Value Approximation)

A 10-year income (years in green), expense, and reversion (in 10th Year) shown.  Five (5) or seven (7) years could be used; if that is opted, only show the desired year’s income and expense, and move the reversion to the LAST year used --- or the year after, if that’s how it was extracted from sales.

The reversion’s content (purple) should also be described and consistent with the subject, e.g., QQQ, RRR, and land with appropriated water rights for ____ acres, etc.

Three (3) blank lines for “other” categories and/or income components are available between the red and yellow boxes.