Sell VS Rent

[Adrian Akerman]

Hello, I have a single family 4/4 high end brand new renovation that has only been occupied for 8 months. I am trying to decide on whether to continue renting, or to sell it. 

The area and block are transitioning, homes will likely only increase in value. Rent is $2,550/mo + utilities and could be increased, tenant is month to month.
I have no mortgage on the property itself, but I refinanced another property to pay off the private money loan. I have about 280k into the deal, and it can sell for 375k based on the comps. 

Should I do a cash out refinance and eat the interest rates, or sell it in the spring? The tenant is taking great care of the house and has no desire to move. We own other properties that require full rehab, so pulling the cash out will finance the other deals; that is the main consideration for selling. My original intention was to sell it, however, that got delayed with last year’s market changes. Most of my other experience in real estate has been brrrr.