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Updated 10 months ago, 03/09/2024

User Stats

37
Posts
11
Votes
Keegan Darby
11
Votes |
37
Posts

Math on a holding vs selling

Keegan Darby
Posted

We have a rental property that is now vacant in a C-class area. 

Monthly mortgage amount is $780/month (PITI).

Market rent is $1,300/month. 

Loan amount left is $132,000.


If we list it, we can sell at $205k and assuming 8% closing / realtor / concession fees, the revenue would be $188k. 

So, after paying off the mortgage,  would net $58k (and wouldn't pay capital gains taxes as I have so many losses from previous years).

Would you sell it or keep holding it?

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