Sell or Rent in Houston

[Ryan Stewart]

I've recently purchased a new home due to my expanding family and I'm not sure whether to sell my current townhouse or rent it out. My HOA has no restrictions with renting and the property is in Midtown Houston.

It has two bedrooms 1.5 baths, my monthly payment is $1500/month which includes mortgage, hoa, and taxes.  Two other units in my development are currently renting for $2100/month and $2500/month (similar sq/ft).  I purchased the property in 2011for $198K, it's worth $275K, and I owe $143K.