Sell or Continue to Rent

[Kyle Centrella]

Hello - 

I'm looking for advice given a home that became a rental property.  It's currently operating at a loss, and I'd like to get opinions on if I should keep this long term for potential payoffs 10,15,30 years from now, or cut my losses and sell the property. 

For context here are some numbers:

$255,000 - Estimated appraisal of home

$230,000 - Current mortgage balance (I bought in 2007 with 0% down - I know, I know)

5.25 - Interest rate

$2150 - Monthly P+I, Taxes, HOA, etc

$1800 - Rental Income from property

$350 - Monthly losses on the property