If investors buy properties based on expected future benefits, what is the rationale for appraising property based on current cap rates without making any income or resale price projections?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
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If investors buy properties based on expected future benefits, what is the rationale for appraising property based on current cap rates without making any income or resale price projections?

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