A property with a variable income and unknown resale price: Property with a 5-year holding period; The reversion at the end of the holding period is estimated to increase by a total of 19% over the entire holding period. Discount rate for the net operating income and for the reversion for the property is determined by the appraiser to be 9%; Fist year's net operating income is $358,887; net operating income increases every year by 5% over previous year's net operating income. Vacancy rate is 6% of gross income. Operating expenses also increase at 5% per year