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Updated almost 7 years ago on . Most recent reply

User Stats

37
Posts
26
Votes
Rich Nordstrom
  • Galva, IL
26
Votes |
37
Posts

Rental house keep or sell?

Rich Nordstrom
  • Galva, IL
Posted
I’ve got a one bedroom ranch house with a attached one car garage,newer furnace with central air. The house is small we’re taking living room, bedroom Kitchen with a dining area laundry room and bathroom. The only real issue is it does need a roof sooner then later (doesn’t leak but it needs it) The rent is 475.00 but should go to 500.00 Taxes and insurance 2140.00 It’s in a package loan so hard to calculate payment. With the proceeds I would simply pay down that package loan. Selling price would be 25,000-30,000 Roofing cost approximately 6,500 Any opinions?

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