Which option would you take?

[John Martinez]

Hello, I have been bouncing this idea back and forth in my head and would like to just post it and get some feedback. I have a potential to rent my current home which would be my first and buy another home. Here are the numbers, let's get right to it. 

Current Home Value - ( Redfin - Zillow estimated) $190K

Rent potential - $1,500 month

Mortgage payment = $1,056 this includes taxes and insurance

5% vacancy and repairs = $150

10% CapEx = $150

Net Income = $144

the property has increased by +20% in equity over the 3 years I have owned it. It is in an area that is stable for rent. A big part of why I am opposed to selling it is I locked it in at a 2.5%. 

The plan is to move out of here and buy another house towards the end of the year or beginning of next year and rent this house out. 

Thoughts? 

* Yes, i understand that the Cashflow is not much, but is cashflow really King right now in this current market? Is anyone finding areas that cashflow +20% of the mortgage cost?