Sell the house or keep it as a rental?

[David Kimball]

Sell the house or keep it as a rental?

Curious to get the group's thoughts.

We are moving and have already got another house. We were going to sell our current primary residence, but are having a hard time doing it with interest rates in the 6%+ range, so we decided to give rental a shot.

Last it was appraised at 460k, our mortgage is on a 15-year fixed with 2.75% interest.

Monthly payments (incl. escrow for tax and insurance): 1830/mo

Property insurance will go up $500/mo as soon as we don't have the homestead exemption.

In my estimation, we can rent it out for $2100/mo and will have to put in new carpets and a fresh coat of paint.

We tried listing the house for $450k - no interest. Offered special financing with seller rate buydown - no interest.
I'm curious how to think through whether we should keep the house as a rental, or try to sell it by lowering the price.

Our remaining balance is 135k on the mortgage.