[Verse 1] When you need to price a property right Three approaches shine their guiding light Income, cost, and sales comparison Each one serves a different comparison Look at cash flow, building costs, or what sold near The method depends on what data's clear [Chorus] Income, Cost, and Sales - the three you need to know Income from the rent, Cost from the ground up flow Sales from what's around, pick the right approach For every real estate valuation coach Income, Cost, and Sales - remember these three names They're your valuation games [Verse 2] Income approach looks at rental streams Divide net income by cap rates and dreams Best for office buildings, apartments too When cash flow data's reliable and true Take the yearly rent, subtract expenses clean Cap rate shows you what the value means [Chorus] Income, Cost, and Sales - the three you need to know Income from the rent, Cost from the ground up flow Sales from what's around, pick the right approach For every real estate valuation coach Income, Cost, and Sales - remember these three names They're your valuation games [Verse 3] Cost approach builds from the ground up high Land value plus construction, that's your guide Best for newer buildings, special use case When comparable sales are hard to trace Replacement cost minus depreciation Gives you cost approach foundation [Bridge] Sales comparison is the market's voice Recent sales give you the buyer's choice Similar properties sold nearby Adjust for differences, that's how you try Square footage, location, age, and condition Make your comparable sales decision [Chorus] Income, Cost, and Sales - the three you need to know Income from the rent, Cost from the ground up flow Sales from what's around, pick the right approach For every real estate valuation coach Income, Cost, and Sales - remember these three names They're your valuation games [Outro] Choose your method based on property type Income for rentals, cost for new builds right Sales for residential, that's the market way Three approaches guide your valuation day
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