Cap rate of 1.5%....would you sell?

[Sabrina Huyett]

I own two properties. The first one, that I bought in 2016, has nearly doubled in value. I lived in it for 6 years and just moved out in 2022, so I wouldn't pay capital gains if I sold it. After listening to Bigger Pockets Money episode 385, I decided to calculate the cap rate. If my calculations are correct, it's only 1.5%.

NOI $541/month after expenses (so $6,492 annual)

$419,300 value on Zillow

6492 / 419300 = 0.0154

so that's a 1.5% cap rate, right?

My interest rate is 3.375% and it does still cash flow, but I bet I could find better cash flow. Would you sell?