How do you know if you should Sell or Rent out?

[Rebecca Lujan]

How do you know if the numbers work best to sell or rent? My plan was to rent out my primary and purchase another one. Either way, I a moving out of this home. I live in New Braunfels, TX, just down the road from Austin, so in a very strong market for both rentals and sales. Since 2018, I have spent $25k on major items, such as roof and hvac, and a few other things needed. I still have some updating to do, like replace carpet, but that isn't done yet. Note, the home is 18 years old and less risk area.

After running the numbers on the BP calculator with all solid and accurate info, i found my percentages stumping me. I realize there are several factors to consider, principal paydown, equity, cash flow, NOI, CocRoi, annual return, but goal is to have long term investments with eventual passive income.

My numbers:
4.56% CapEx, Slight negative CocRoi (upswing within 2 years), but by year three, a 7.75% annual return topping out at 9.9%. This is all based upon a 2% appreciation rate, which is extremely modest considering the market conditions and where we are headed. Cash flow is very good by year 5 and gets better. After reading some of the other blog's yesterday, i was also reminded of the added value of depreciation as well.

Any input would be much appreciated.