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Updated about 9 years ago,

User Stats

32
Posts
9
Votes
KENDRA J.
  • Minneapolis, MN
9
Votes |
32
Posts

Hold or sell

KENDRA J.
  • Minneapolis, MN
Posted

I have a SF home that i have been renting out for the past 7 years. It was my family home before we started renting it out. The current tenants are the 3rd to occupy this property and gave notice they will be moving out at the end of Dec. Currently weighing the options to sell this property or continue renting it. Would like some advice if it financially makes sense to keep it as a rental? Currently rents for $1800 a month. Owe $180K on mortgage with an interest rate of 4.3 %. Could sell for approx $300K if we do some updating. We originally paid $280K 13 years ago. Any help would be appreciated ~~~ Thank you

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