{"id":872,"date":"2020-05-20T15:44:00","date_gmt":"2020-05-20T06:44:00","guid":{"rendered":"https:\/\/fudousangyo.com\/?p=872"},"modified":"2024-05-18T14:41:38","modified_gmt":"2024-05-18T05:41:38","slug":"%e3%80%90%e5%85%a5%e9%96%80%e3%80%91%e5%8f%8e%e7%9b%8a%e9%82%84%e5%85%83%e6%b3%95%e3%80%80%e3%81%9d%e3%81%ae4%e3%80%80%e7%9b%b4%e6%8e%a5%e9%82%84%e5%85%83%e6%b3%95%e3%81%a8dcf%e6%b3%95","status":"publish","type":"post","link":"https:\/\/fudousangyo.com\/?p=872","title":{"rendered":"\u3010\u5165\u9580\u3011\u53ce\u76ca\u9084\u5143\u6cd5\u3000\u305d\u306e4\u3000\u76f4\u63a5\u9084\u5143\u6cd5\u3068DCF\u6cd5"},"content":{"rendered":"<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u306f\u3001\u53ce\u76ca\u9084\u5143\u6cd5\u306e\u3046\u3061\u76f4\u63a5\u9084\u5143\u6cd5\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u307e\u3057\u305f\u3002<br \/>\n\u305d\u3057\u3066\u3001\u53ce\u76ca\u4fa1\u683c\u7b97\u5b9a\u306b\u5f53\u305f\u3063\u3066\u306f\u3001\u5272\u5f15\u73fe\u5728\u4fa1\u5024\u3068\u3044\u3046\u6982\u5ff5\u304c\u91cd\u8981\u3060\u3068\u3044\u3046\u3053\u3068\u306b\u3064\u3044\u3066\u3082\u8a00\u53ca\u3044\u305f\u3057\u307e\u3057\u305f\u306d\u3002<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"GBxBmIr1k3\"><p><a href=\"https:\/\/fudousangyo.com\/?p=844\">\u3010\u5165\u9580\u3011\u53ce\u76ca\u9084\u5143\u6cd5\u3000\u305d\u306e3\u3000\u53ce\u76ca\u9084\u5143\u6cd5\u306e\u30a4\u30ed\u30cf<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;\u3010\u5165\u9580\u3011\u53ce\u76ca\u9084\u5143\u6cd5\u3000\u305d\u306e3\u3000\u53ce\u76ca\u9084\u5143\u6cd5\u306e\u30a4\u30ed\u30cf&#8221; &#8212; \u4e0d\u52d5\u7523\u696d\u30c9\u30c3\u30c8\u30b3\u30e0\" 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class=\"huto\">\u53ce\u76ca\u9084\u5143\u6cd5\u306e\u7b97\u5b9a\u306e2\u3064\u306e\u624b\u6cd5\u3001\u76f4\u63a5\u9084\u5143\u6cd5\u3068DCF\u6cd5\u306e\u9055\u3044\u3092\u30ac\u30a4\u30c0\u30f3\u30b9\u7684\u306b\u89e3\u8aac<\/span><\/span>\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u76f4\u63a5\u9084\u5143\u6cd5\u3068DCF\u6cd5\u306e\u7aef\u7684\u306a\u9055\u3044\u306b\u3064\u3044\u3066\u30b6\u30af\u3063\u3068\u5168\u4f53\u50cf\u3092\u3064\u304b\u307f\u53d6\u308b\u3053\u3068\u306b\u5168\u822c\u90e8\u5206\u306f\u96c6\u4e2d\u3057\u3001\u5f8c\u6bb5\u3067\u4e00\u898b\u7cbe\u7dfb\u306b\u898b\u3048\u308b\uff24\uff23\uff26\u6cd5\u306e\u554f\u984c\u70b9\u3092\u6307\u6458\u3057\u3066\u304a\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<h2>\u4e0d\u52d5\u7523\u9451\u5b9a\u8a55\u4fa1\u57fa\u6e96\u306b\u3088\u308b\u53ce\u76ca\u9084\u5143\u6cd5<\/h2>\n<p>\u3053\u3053\u3067\u306f\u4e0d\u52d5\u7523\u9451\u5b9a\u8a55\u4fa1\u306b\u304a\u3051\u308b\u53ce\u76ca\u9084\u5143\u6cd5\u306e\u516c\u5f0f\u3092\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/fudousangyo.com\/wp-content\/uploads\/2020\/08\/\u53ce\u76ca\u9084\u5143\u6cd5\u306e\u516c\u5f0f.jpg\" alt=\"\" width=\"1280\" height=\"720\" class=\"alignnone size-full wp-image-878\" 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class=\"yellow_line\"><span class=\"hutoaka\">\u300c\u6a19\u6e96\u5316\u3057\u305f\u7d14\u53ce\u76ca\u300d<\/span><\/span>\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3067\u306f\u3069\u3046\u3084\u3063\u3066\u6a19\u6e96\u5316\u3059\u308b\u306e\u304b\uff1f\u3068\u3044\u3046\u3068\u975e\u5e38\u306b\u96e3\u3057\u3044\u3067\u3059\u7b11<\/p>\n<p>\u3053\u3053\u3067\u306f\u3001\u5e73\u5747\u7684\u3001\u771f\u3093\u4e2d\u3042\u305f\u308a\u3068\u3044\u3046\u3053\u3068\u7406\u89e3\u306b\u7559\u3081\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u4e0d\u52d5\u7523\u9451\u5b9a\u58eb\u306b\u3088\u308b\u9451\u5b9a\u8a55\u4fa1\u3067\u3082\u300c\u8db3\u3057\u3066\u4e8c\u3067\u5272\u308b\u300d\u3088\u3046\u306a\u9451\u5b9a\u8a55\u4fa1\u66f8\u304c\u6b86\u3069\u3067\u3059\u304b\u3089\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u8cfc\u5165\u6642\u70b9\u306e\u7d14\u53ce\u76ca\u3068\u3059\u308b\u3053\u3068\u3082\u53ef\u80fd\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u5834\u5408\u306f\u3001\u9084\u5143\u5229\u56de\u308a\u306b\u3066\u8cfc\u5165\u5f8c\u306eCF\u306e\u5909\u52d5\u30ea\u30b9\u30af\u3092\u52d8\u6848\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u3082\u7406\u8ad6\u7684\u306b\u306f\u53ef\u80fd\u3067\u3059\u304c\u3001\u81f3\u96e3\u306e\u696d\u3067\u3059\u306e\u3067\u3001\u6df1\u5165\u308a\u3057\u306a\u3044\u3067\u304a\u304d\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u5b9f\u969b\u306e\u53ce\u76ca\u7269\u4ef6\u306e\u8cfc\u5165\u306e\u969b\u306f\u3001\u73fe\u72b6\u306e\u53ce\u76ca\u3092CapRate\uff08\u9084\u5143\u5229\u56de\u308a\u3068\u540c\u7fa9\uff09\u3067\u5272\u308a\u623b\u3059\u3068\u3044\u3046\u30b6\u30af\u3063\u3068\u3057\u305f\u8a08\u7b97\u3092\u884c\u3046\u3053\u3068\u304c\u6b86\u3069\u306a\u306e\u3067\u3001<span class=\"yellow_line\"><span class=\"hutoaka\">\u53ce\u76ca\u4e0d\u52d5\u7523\u306e\u67fb\u5b9a\u3067\u306f\u3001\u5b9f\u306f\u30ea\u30b9\u30af\u3092\u5ea6\u5916\u8996\u3057\u3066\u8a55\u4fa1\u3057\u3066\u3057\u307e\u3063\u3066\u3044\u308b\u30b1\u30fc\u30b9\u304c\u591a\u3005\u3042\u308a\u307e\u3059<\/span><\/span>\u3002<\/p>\n<p>\u7279\u306b\u3001<span class=\"yellow_line\"><span class=\"huto\">\u65e2\u5b58\u30c6\u30ca\u30f3\u30c8\u306e\u8cc3\u6599\u304c\u5272\u9ad8\u306e\u5834\u5408\u306b\u304a\u3044\u3066\u306f\u3001\u73fe\u72b6\u306e\u7d14\u53ce\u76ca\u306b\u5bfe\u3057\u3066\u30de\u30fc\u30b1\u30c3\u30c8\u3067\u89b3\u5bdf\u3055\u308c\u3066\u3044\u308bCapRate\u3067\u5272\u308a\u623b\u3057\u3066\u3057\u307e\u3046\u3068\u3001\u7b97\u5b9a\u3055\u308c\u305f\u53ce\u76ca\u4fa1\u683c\u304c\u5272\u9ad8\u3068\u306a\u3063\u3066\u3057\u307e\u3046<\/span><\/span>\u3053\u3068\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p>\u7d50\u8ad6\u304b\u3089\u8a00\u3048\u3070\u3001\u76f4\u63a5\u9084\u5143\u6cd5\u306e\u7d14\u53ce\u76ca\u3068\u306f\u3001\u7279\u5b9a\u306e\u3069\u306e\u6642\u70b9\u306e\u3082\u306e\u3067\u3082\u306a\u304f\u300c\u6a19\u6e96\u5316\u3055\u308c\u305f\u300d\u7d14\u53ce\u76ca\u3068\u3044\u3046\u3053\u3068\u3092\u62bc\u3055\u3048\u3066\u304a\u3044\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u3053\u306e<span class=\"yellow_line\"><span class=\"huto\">\u76f4\u63a5\u9084\u5143\u6cd5\u306e\u8aac\u660e\u306e\u3044\u3044\u52a0\u6e1b\u3055\u3092\u7cbe\u7dfb\u306b\u8868\u73fe\u3059\u308b\u306e\u304cDCF\u6cd5<\/span><\/span>\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<h3>DCF\u6cd5<\/h3>\n<p>DCF\u3068\u306f\u3001Discounted Cash Flow\u306e\u7565\u3067\u3057\u305f\u306d\u3002<\/p>\n<p>\u4e0a\u8a18\u306e\u76f4\u63a5\u9084\u5143\u6cd5\u306f\u3001\u975e\u5e38\u306b\u7c21\u5358\u306b\u53ce\u76ca\u4fa1\u683c\u304c\u7b97\u5b9a\u3067\u304d\u308b\u53cd\u9762\u3001\u7d14\u53ce\u76ca\u3092\u6a19\u6e96\u5316\u3059\u308b\u3068\u3044\u3046\u4f5c\u696d\u304c\u767a\u751f\u3057\u3001\u305d\u306e\u6a19\u6e96\u5316\u304c\u975e\u5e38\u306b\u96e3\u3057\u3044\u3068\u3044\u3046\u3053\u3068\u3092\u8aac\u660e\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u308c\u3092\u8cfc\u5165\u304b\u3089\u4e00\u5b9a\u306e\u671f\u9593\u306e\u7d14\u53ce\u76ca\u306e\u5909\u52d5\u306e\u30b7\u30ca\u30ea\u30aa\u3092\u660e\u793a\u3057\u3066\u3001\u3088\u308a\u7cbe\u7dfb\u306b\u8aac\u660e\u3092\u8a66\u307f\u3088\u3046\u3068\u3059\u308b\u306e\u304cDCF\u6cd5\u3067\u3059\u3002<\/p>\n<p>\u3082\u3046\u4e00\u5ea6\u3001DCF\u6cd5\u306e\u516c\u5f0f\u3092\u898b\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/fudousangyo.com\/wp-content\/uploads\/2020\/08\/DCF\u516c\u5f0f.jpg\" alt=\"\" width=\"1054\" height=\"391\" class=\"alignnone size-full wp-image-876\" \/><\/p>\n<p>\u516c\u5f0f\u3068\u3044\u3046\u306e\u306f\u3001\u8a18\u53f7\u3060\u3089\u3051\u3067\u5acc\u306b\u306a\u3063\u3066\u3057\u307e\u3044\u307e\u3059\u306d\u3002<\/p>\n<p>\u96e3\u3057\u305d\u3046\u306b\u898b\u3048\u307e\u3059\u304c\u3001\u8a00\u3063\u3066\u3044\u308b\u3053\u3068\u306f\u81f3\u3063\u3066\u5358\u7d14\u3060\u3063\u305f\u308a\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u306eDCF\u306e\u516c\u5f0f\u306e\u4e0a\u306e\u5f0f\u3092\u3088\u304f\u898b\u308b\u3068\u69cb\u6210\u8981\u7d20\u304c\uff12\u3064\u3042\u308a\u307e\u3059\u306d\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/fudousangyo.com\/wp-content\/uploads\/2020\/08\/DCF\u6cd5\u516c\u5f0f.jpg\" alt=\"\" width=\"619\" height=\"248\" class=\"alignnone size-full wp-image-877\" \/><\/p>\n<p>\u3053\u308c\u3092\u4eee\u306bA\u90e8\u5206\u3068B\u90e8\u5206\u3068\u3057\u3066\u5206\u3051\u3066\u8003\u3048\u3066\u307f\u307e\u3059\u3002<\/p>\n<div class=\"redbox\"><span class=\"huto\">A\u90e8\u5206<br \/>\n\u53ce\u76ca\u671f\u9593\u4e2d\u306e\u7d14\u53ce\u76ca\u306e\u73fe\u5728\u4fa1\u5024\u306e\u7dcf\u548c<\/span><\/div>\n<div class=\"redbox\"><span class=\"huto\">B\u90e8\u5206<br \/>\n\u5fa9\u5e30\u4fa1\u683c\u306e\u73fe\u5728\u4fa1\u5024<\/p>\n<p class=\"komozi\">\u203b\u5fa9\u5e30\u4fa1\u683c\u306f\u3001\uff2e\uff0b\uff11\u5e74\u76ee\u306b\u304a\u3051\u308b\u7d14\u53ce\u76ca\u3092\u6700\u7d42\u9084\u5143\u5229\u56de\u308a\u3067\u9084\u5143\u3057\u305f\u3082\u306e\u3068\u306a\u308b\u3002<\/p>\n<p><\/span><\/div>\n<p>\u305d\u3057\u3066\u3001A\u90e8\u5206\u3068B\u90e8\u5206\u3092\u8db3\u3057\u5408\u308f\u305b\u305f\u3082\u306e\u304cDCF\u6cd5\u306b\u3088\u308b\u53ce\u76ca\u4fa1\u683c\u3068\u306a\u308a\u307e\u3059\u306d\u3002<\/p>\n<div class=\"redbox\"><span class=\"huto\">DCF\u6cd5\u306b\u3088\u308b\u53ce\u76ca\u4fa1\u683c<\/p>\n<p>\u3010A\uff1a\u53ce\u76ca\u671f\u9593\u4e2d\u306e\u7d14\u53ce\u76ca\u306e\u73fe\u5728\u4fa1\u5024\u306e\u5408\u8a08\u3011<br \/>\n\u3000\u3000\uff0b<br \/>\n\u3010B\uff1a\u5fa9\u5e30\u4fa1\u683c\u306e\u73fe\u5728\u4fa1\u5024\u3011<\/span><\/div>\n<p>\u7406\u5c48\u3088\u308a\u6570\u5024\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u5177\u4f53\u4f8b\u306b\u3066DCF\u6cd5\u306b\u3088\u308b\u53ce\u76ca\u4fa1\u683c\u306e\u67fb\u5b9a\u3092\u3084\u3063\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<div class=\"graybox\"><span class=\"huto\">\u8a2d\u4f8b<\/span><\/p>\n<p><span class=\"huto\">\u53ce\u652f\u306b\u3064\u3044\u3066<\/span><br \/>\n\u73fe\u72b6100\u4e07\u5186\u306e\u8cc3\u6599\u53ce\u5165\u304c\u3042\u308b\u4e0d\u52d5\u7523\u306b\u6295\u8cc7<br \/>\n\u8cc3\u6599\u53ce\u5165\u306f\u3001\u7b97\u5b9a\u671f\u9593\u4e2d1\u5e74\u6bce\u306b\uff11\uff05\u4e0b\u843d\u3057\u3066\u3044\u304f<br \/>\n\u305d\u3057\u30666\u5e74\u76ee\u4ee5\u964d\u306f\u8cc3\u6599\u4e0b\u843d\u305b\u305a\u4e00\u5b9a\u3002<br \/>\n\u7d4c\u8cbb\u6bce\u5e7480\u4e07\u5186\u304b\u304b\u308a\u4e00\u5b9a\u3002<\/p>\n<p><span class=\"huto\">\u5229\u56de\u308a\u3001\u5272\u5f15\u7387\u306b\u3064\u3044\u3066<\/span><br \/>\n\u5272\u5f15\u7387\u306f5.0\uff05<br \/>\n\u6700\u7d42\u9084\u5143\u5229\u56de\u308a\u306f5.2\uff05<\/p>\n<p><span class=\"huto\">\u305d\u306e\u4ed6<\/span><br \/>\n\u58f2\u5374\u6642\u306e\u4ef2\u4ecb\u624b\u6570\u6599\u7b49\u306e\u30b3\u30b9\u30c8\u306f\u52d8\u6848\u3057\u306a\u3044\u3002<\/div>\n<p>\u4ee5\u4e0a\u30925\u5e74\u9593\u306eDCF\u306b\u3066\u7b97\u5b9a\u3057\u305f\u7d50\u679c\u304c\u6b21\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/fudousangyo.com\/wp-content\/uploads\/2020\/08\/DCF\u6cd5\u306b\u3088\u308b\u53ce\u76ca\u4fa1\u683c\u3000\u5b9f\u4f8b.jpg\" alt=\"\" width=\"1280\" height=\"720\" class=\"alignnone size-full wp-image-879\" \/><\/p>\n<h4>\u3010A\uff1a\u53ce\u76ca\u671f\u9593\u4e2d\u306e\u7d14\u53ce\u76ca\u306e\u73fe\u5728\u4fa1\u5024\u306e\u5408\u8a08\u3011<\/h4>\n<p>\u3000\u4e0a\u8a18\u4f8b\u306e\u5834\u5408\u3001\u9ec4\u8272\u306e\u7db2\u639b\u90e8\u5206\u304c\u8a72\u5f53\u3057\u307e\u3059\u3002<\/p>\n<p>\u3000\u3053\u306e\u9ec4\u8272\u306e\u7db2\u639b\u90e8\u5206\u306f\u3001\u5404\u671f\u306e\u7d14\u53ce\u76ca\uff08\u2462\uff09\u306b\u5404\u671f\u306e5.0\uff05\u3067\u8a08\u7b97\u3057\u305f\u8907\u5229\u73fe\u4fa1\u7387\uff08\u2463\uff09\u3092\u639b\u3051\u7b97\u3057\u305f\u3082\u306e\u3068\u306a\u308a\u307e\u3059\u306d\u3002<\/p>\n<p>\u3000\u3053\u306e\u9ec4\u8272\u306e\u6570\u5024\u3092\u5168\u3066\u8db3\u3057\u5408\u308f\u305b\u305f\u3082\u306e\u3067\u3042\u308b3,382,019\u5186\u304c\uff21\u90e8\u5206\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<h4>\u3010B\uff1a\u5fa9\u5e30\u4fa1\u683c\u306e\u73fe\u5728\u4fa1\u5024\u3011<\/h4>\n<p>\u3000\u6b21\u306b\u5fa9\u5e30\u4fa1\u683c\u306e\u73fe\u5728\u4fa1\u5024\u3092\u6c42\u3081\u307e\u3059\u3002<\/p>\n<p>\u3000\u307e\u305a\u306f\u5fa9\u5e30\u4fa1\u683c\u3092\u6c42\u3081\u308b\u306b\u306f\u30015\u5e74\u306eDCF\u671f\u9593\u306e\uff2e\uff0b\uff11\u5e74\u76ee\u3068\u306a\u308b6\u5e74\u76ee\u306e\u7d14\u53ce\u76ca\u3067\u3042\u308b751,000\u5186\u3092\u6700\u7d42\u9084\u5143\u5229\u56de\u308a\u3067\u9084\u5143\u3057\u3066\u6c42\u3081\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3000\u60f3\u5b9a\u3068\u3057\u3066\u306f\u3001\u6700\u7d42\u9084\u5143\u5229\u56de\u308a\u30925.2\uff05\u3068\u67fb\u5b9a\u3057\u305f\u306e\u3067\u3001\u6b21\u306e\u3088\u3046\u306b\u7b97\u5b9a\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u3000751,000\u5186\u3000\u00f7\u30005.2\uff05\u3000\uff1d\u300014,442,308\u5186<\/p>\n<p>\u3000\u3053\u308c\u304c\u5fa9\u5e30\u4fa1\u683c\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3000\u3053\u306e<span class=\"yellow_line\"><span class=\"huto\">\u5fa9\u5e30\u4fa1\u683c\u306f\u30015\u5e74\u76ee\u306e\u672b\u306b\u5b9f\u73fe\u3059\u308b\u4fa1\u683c\u306a\u306e\u3067\u3001\u6642\u70b9\u3092\u73fe\u5728\u6642\u70b9\u306b\u5f15\u304d\u76f4\u3059\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059<\/span><\/span>\u3002<\/p>\n<p>\u3000\u305d\u3057\u3066\u3053\u306e\u5fa9\u5e30\u4fa1\u683c\u306b5\u5e74\u76ee\u306e\u8907\u5229\u73fe\u4fa1\u7387\u3067\u3042\u308b0.78353\u3092\u4e57\u3058\u3066\u3001\u5fa9\u5e30\u4fa1\u683c\u306e\u73fe\u5728\u4fa1\u5024\u3092\u6c42\u3081\u307e\u3059\u3002<br \/>\n\u3000\u3000\u300014,442,308\u5186\u3000\u00d7\u30000.78353\u3000\uff1d11,315,981\u5186<\/p>\n<p>\u3000\u3000\u3053\u308c\u304c\uff22\u90e8\u5206\u3068\u306a\u308a\u307e\u3059\u3002<br \/>\n\u3000<\/p>\n<h4>\u3010DCF\u6cd5\u306b\u3088\u308b\u53ce\u76ca\u4fa1\u683c\u3011<\/h4>\n<p>\u3000\u4e0a\u8a18\u3067\u6c42\u3081\u3089\u308c\u305f\uff21\u90e8\u5206\u3068\uff22\u90e8\u5206\u3092\u5408\u8a08\u3057\u3066DCF\u6cd5\u306b\u3088\u308b\u53ce\u76ca\u4fa1\u683c\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u30003,382,019\u5186\u3000\uff0b\u300011,315,981\u5186\u3000\uff1d14,698,000\u5186<\/p>\n<p>\u306a\u304a\u3001<span class=\"yellow_line\"><span class=\"huto\">DCF\u6cd5\u306e\u671f\u9593\u306f5\u5e74\u3067\u306a\u304f10\u5e74\u3067\u308220\u5e74\u3067\u3082\u69cb\u3044\u307e\u305b\u3093<\/span><\/span>\u3002<\/p>\n<p>\u671f\u9593\u309210\u5e74\u3068\u3059\u308b\u3082\u306e\u304c\u4e0d\u52d5\u7523\u9451\u5b9a\u58eb\u306e\u9451\u5b9a\u8a55\u4fa1\u3067\u306f\u591a\u3044\u3067\u3059\u306d\u3002<br \/>\n\uff08\u305d\u306e\u969b\u3001\u53b3\u5bc6\u306b\u8a00\u3048\u30705\u5e74\u300110\u5e74\u300120\u5e74\u306e\u5272\u5f15\u7387\u306f\u7406\u8ad6\u4e0a\u7570\u306a\u308b\u3053\u3068\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\uff09<\/p>\n<p>\u3053\u3053\u3067\u9762\u767d\u3044\u7b97\u5b9a\u3092\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u4e0a\u8a18\u306e\u8a2d\u4f8b\u3067\u3001\u521d\u5e74\u5ea6\u7d14\u53ce\u76ca\u30686\u5e74\u76ee\u4ee5\u964d\u306e\u7d14\u53ce\u76ca\u3092\u5148\u307b\u3069\u6c42\u3081\u3089\u308c\u305fDCF\u6cd5\u306b\u3088\u308b\u53ce\u76ca\u4fa1\u683c\u306b\u3066\u5272\u308a\u623b\u3059\u3068\u6b21\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<div class=\"yellowbox\">\u521d\u5e74\u5ea6\u7d14\u53ce\u76ca\u306b\u5bfe\u5fdc\u3059\u308bCapRate\u3000800,000\u5186\u00f714,698,000\u5186\uff1d\u3000<span class=\"hutoaka\">5.4\uff05<\/span><\/div>\n<div class=\"yellowbox\">6\u5e74\u76ee\u7d14\u53ce\u76ca\u306b\u5bfe\u5fdc\u3059\u308bCapRate\u3000751,000\u5186\u00f714,698,000\u5186\uff1d\u3000<span class=\"hutoaka\">5.1\uff05<\/span><\/div>\n<p>\u4ee5\u4e0a\u306e\u3088\u3046\u306b<span class=\"yellow_line\"><span class=\"huto\">\u6642\u70b9\u306b\u3088\u3063\u3066\u5229\u56de\u308a\u304c\u5909\u5316\u3059\u308b<\/span><\/span>\u3053\u3068\u304c\u5206\u304b\u3063\u3066\u3044\u305f\u3060\u3051\u305f\u304b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u3092\u9006\u306b\u8a00\u3048\u3070\u3001<span class=\"yellow_line\"><span class=\"huto\">\u76f4\u63a5\u9084\u5143\u6cd5\u306b\u3088\u308b\u7d14\u53ce\u76ca\u306e\u6a19\u6e96\u5316\u304c\u96e3\u3057\u3044<\/span><\/span>\u3068\u3044\u3046\u3053\u3068\u304c\u76f4\u89b3\u7684\u306b\u308f\u304b\u3063\u3066\u3044\u305f\u3060\u3051\u305f\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<h3>DCF\u6cd5\u306e\u9650\u754c<\/h3>\n<p>\u4ee5\u4e0a\u3001DCF\u6cd5\u306f\u76f4\u63a5\u9084\u5143\u6cd5\u3068\u6bd4\u8f03\u3057\u3066\u30b7\u30ca\u30ea\u30aa\u3092\u7cbe\u7dfb\u306b\u63d0\u793a\u3059\u308b\u3068\u3044\u3046\u5229\u70b9\u304c\u3042\u308b\u306e\u3067\u3059\u304c\u3001\u9650\u754c\u304c\u3042\u308b\u624b\u6cd5\u3067\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u6307\u6458\u3057\u3066\u304a\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<h4>\u5fa9\u5e30\u4fa1\u683c\u306e\u4f9d\u5b58\u5272\u5408\u304c\u9ad8\u3044<\/h4>\n<p>\u3000\u5148\u307b\u3069\u306e\u4f8b\u3067\u898b\u308c\u3070\u3001\u53ce\u76ca\u671f\u9593\u4e2d\u306e\uff23\uff26\u306e\u73fe\u5728\u4fa1\u5024\u3067\u3042\u308b\uff21\u90e8\u5206\u3068\u3001\u5fa9\u5e30\u4fa1\u683c\u306e\u73fe\u5728\u4fa1\u5024\u3067\u3042\u308b\uff22\u90e8\u5206\u3092\u6bd4\u8f03\u3057\u305f\u5834\u5408\u3001DCF\u6cd5\u306e\u7dcf\u984d\u306b\u5360\u3081\u308b\u4fa1\u683c\u5272\u5408\u306f\u3001\u6b21\u306e\u901a\u308a\u306b\u306a\u308a\u307e\u3059\u3002<br \/>\n\uff21\u90e8\u5206\u21d2\u7d0423\uff05<br \/>\n\uff22\u90e8\u5206\u21d2\u7d0477\uff05<\/p>\n<p>\u3053\u308c\u3092\u307f\u308b\u3068\u3001\u7d50\u5c40<span class=\"yellow_line\"><span class=\"hutoaka\">DCF\u6cd5\u306b\u3088\u308b\u4fa1\u683c\u7b97\u5b9a\u3082\u5fa9\u5e30\u4fa1\u683c\u3078\u306e\u4f9d\u5b58\u5ea6\u304c\u9ad8\u3044<\/span><\/span>\u3053\u3068\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/p>\n<p>\u4ee5\u4e0a\u306e\u4f8b\u3067\u306f\u30015\u5e74\u306eDCF\u3092\u8003\u3048\u307e\u3057\u305f\u304c\u3001\u5168\u304f\u540c\u3058\u6761\u4ef6\u306710\u5e74\u306eDCF\u3092\u3084\u3063\u305f\u3068\u3057\u3066\u3082<br \/>\n\u3000\uff21\u90e8\u5206\u21d2\u7d0437\uff05<br \/>\n\u3000\uff22\u90e8\u5206\u21d2\u7d0463\uff05<br 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