Continue Renting or Sell...New Investor with 1st time analysis

[Daniel Garcia]

Hi team, I'm trying to decide if I should continue to hold my first ever investment property or cash out while the market seems hot. I just got into BP and have started learning about all the various metrics to determine if a property is "worth it" after having bought the property back in 2014, so you could say I'm a bit of a late starter. 

Simply stated: Question 1) should I keep the property or cash out and put it into another property? Follow Up: What should be the profit margin threshold to sell? 

Subject Property: 2 br/1 ba | Purchased in 2014 for $110,600 | 

Per my 1st ever comps analysis: ARV $132,000

County Tax Valuation: $168,185

Zillow Zestimate: $205,721

RE Agent Suggested Listing Price:  Pending interview a couple this week

Cap Rate: 6%

CoC: 1.9%

Monthly Cash Flow: $40

Mortgage: $657

Tenants have been in place for over 6 years before purchasing the property. Not so good property manager (kept her on when I purchased) and seems to be very close to tenants so I've been reluctant to fire the PM in fear of losing the tenant. 

I appreciate everyone's two cents, thank you for all your help!