Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Sell or Rent- Moved out of State
I own a 1500 ft, 3 bed 2 bath house with 1.8 acres in middle Tennessee, recently remodeled and did some work installing a new filter system for the well, now better than city water. Bought it for $300K and have a monthly payment of approximately $1,500, then moved out of state for work. Now worth approximately $330K and have had it on the market to sell since August. It has been getting a lot of attention, was under contract once but didn't go through. Talked to property manager in the area and got rent estimate for $1800 to $2200 monthly, with other resources saying closer to $1800 so using this number. By my calculations, barely enough to cashflow. Trying to not pay two house payments, so would love input on what others would do with this situation. Thank you.