For the purpose of industrial,
commercial and investment-grade properties,
an income stream refers to the actual cash
flow for a revenue producing property during
a specified time period, usually express in
annual terms.
Appraisers, commercial practitioners,
and mortgage lenders generally approach the
analysis of income property in similar
fashion by starting with actual and
forecasted income streams.
Income Stream Verification
Mortgage applications
concerning investment properties will vary
by lender, but most have similar
requirements regarding income verifications.
Lenders seek assurances that debt service
can bet met, given revenues and expenses of
the property under consideration.
Verifications
May Include
Terms of
individual leases and monthly rents
Items included
and not included in the leases (heat,
hydro, cable, etc.)
Renewal and
cancelation provisions
Special tenant
privileges, options, and unusual
arrangements
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