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Updated about 9 years ago,
Sell or Rent
I bought SFR in Simsbury Ct in 2007 and recently I had to move to Charlotte, NC because of my Job. I am looking for advise, whether I should sell my house or Rent it out.
Purchase price in 2007 $350,000
Outstanding Loan: $256,000
Repair Cost: $20, 000
ARV: $295,000
Expected Rental: $2,200