Help With My Property Analysis

I currently own a condo unit in Hollywood FL and after using the analysis spreadsheet I found in here, I came up with the following for the 8 year projection:



Debt Coverage Ratio

0.49

Capitalization Rate

3.5%

Annual Cash Flow

($7,892)

"Computed Internal Rate of Return"

30.3275%



Is this good??? I am wondering if I should sell it or hold on to it.



Thank you

Comments(3)

  • monkfish14th November, 2006

    Does your debt include everything, like vacancies, property taxes, insurance, condo dues, utility bills, maintenance?

    I just want to make sure you look at ALL the numbers when making your analysis.
    [addsig]

  • wpuffer14th November, 2006

    Yes, everything, HOA, taxes, insurance, mortgage, vacancy

  • ypochris3rd December, 2006

    Generally the reason is anticipation of appreciation-

    Chris

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