Newsflash: An appraiser has valued a single-family rental property in a neighborhood where almost all the homes are leased. What approach did he most likely use to determine the value for this property?

An appraiser has valued a single-family rental property in a neighborhood where almost all the homes are leased. What approach did he most likely use to determine the value for this property?Why is the answer Income Approach and no Sales Comparison approach? I thought the income approach was used for profiting real estate like commercial buildings? Thank you in advance my exam is monday (only the national, I passed state) ANY other tips would be appreciated too ❤

Read more at https://www.reddit.com/r/RealEstate/comments/6rvr5h/an_appraiser_has_valued_a_singlefamily_rental/?utm_source=ifttt

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