Which of the following about the capitalization rate is correct? It takes into account both expected future income and changes in the value of the property over time It is an IRR It shows how income and property value are related at a certain point in time It doesn't take into account future income or changes in the value of the property It is the rate of return investors hope to get on all the money they put in Which of the following is ustally not taken into account when using the cost approach for appraisal? Changes outside of the property External obsolescence Physical detenoration Functional obsolescence Capitalization rate