So, what is the beauty of the income approach?  It probably is not in concluding a market value.  More likely, is that (a) it helps the appraiser with a highest and best use conclusion, and (b) it may help to extract from the data the quantity of an adjustment.  It will also help the appraiser to understand what is happening in the subject’s neighborhood (but that’s the topic for another podcast).Want to know how much that pool contributes to overall property value?  If, in the subject’s neighborhood, it commands no premium in rent over a house without a pool, then it contributes nothing, its depreciated cost not with standing.  So, what is the beauty of the income approach?  Please listen!  This podcast is here to foment critical thinking and provoke debate.  Thanks!