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
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(0)
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]
Yes, everything, HOA, taxes, insurance, mortgage, vacancy
Generally the reason is anticipation of appreciation-
Chris