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Updated about 8 years ago,
Rent or Sell NEW Duplex
I recently just built a new duplex and cant decide whether or not to rent it or sell it. I own the 3 pieces of land around it so I could build 3 more. Here are the numbers.
- built for $180k
- appraised at $255k
- Rents for $1150 a month (tenant pays all other utilities)
- all in mortgage is $1179/month
How do you decide whether or not to take the cash out now or later? Does someone have the math to justify which option is better?