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Updated over 6 years ago,

User Stats

17
Posts
3
Votes
Rob MacSwan
  • Rental Property Investor
  • Lexington, KY
3
Votes |
17
Posts

Should I sell or rent my house? Thanks!

Rob MacSwan
  • Rental Property Investor
  • Lexington, KY
Posted

Ok so here are numbers. Feel like I should sell but want to make it work. My argument would be with a smaller loan balance I might lose a couple hundred a month for a few years until mortgage is paid off. Once the house is fully paid cash flow would be great! Let me know your thoughts. Thanks!

3 bed/2.5 bath 1900 sq ft home in desirable Richmond va neighborhood

$525000- current value

$362000- purchase price in 2009

$70k- left on 15 yr mortgage at 3.25%

$2400- monthly mortgage including tax and insurance

$2700- estimated rent

8%- estimated mgt fee

Probabaly will need new ac unit in next year or two. Estimated about $8-10k. No other big cap x items in near future.

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