Sell or Keep a co-op apt with a positive income

[Haemi Jung]

In 2012, my husband and I purchased a co-op apartment in Cliffside Park, NJ, featuring 2 bedrooms, 2 baths, and a stunning New York view for very cheap. Currently, we are leasing the property, generating a net profit of $380 per month and living in Missouri.

We are contemplating the decision to sell this property and potentially gain $239-278K payment to buy additional investment properties in Missouri given the rising rental rates in the area, we anticipate increasing our rent and potentially securing a net monthly profit of $780 (annual$9,360).

While we acknowledge a monthly profit, our concern stems from the apprehension that the property might not fetch as high a price in the next five years or that our HOA fees and taxes could escalate.

Given this situation, what course of action would you recommend?