Form library / Small Income 1025
Small Income 1025
Small Residential Income Property Appraisal Report (Fannie Mae 1025 / Freddie Mac 72)
The form for 2–4 unit income properties.
Used for
- Duplex, triplex, and fourplex mortgage appraisals
- Investment-property purchase and refinance
What it covers
- Unit mix, rent schedule, and actual vs market rents
- Income approach with gross rent multiplier analysis
- Sales comparison with income-producing comparables
How ValueSwell fills it
- Per-unit walkthrough capture with room-level detail
- Rent comps and GRM support pulled by Scout
- Income and sales approaches drafted side by side
Common questions
- Does the 1025 include an income approach?
- Yes — that’s what distinguishes it from a 1004. The 1025 includes a rent schedule and a gross rent multiplier analysis alongside the sales comparison approach.
Keep exploring
Let the agents fill the Small Income 1025.
Voice walkthrough in, drafted form out — comps cited, sketch drawn, compliance pre-checked. First three reports free.
Start free