Analyze Primary Residence

[Jason Lieberman]

I am having a hard time trying to analyze whether or not to sell or rent my primary residence.  Any help would be greatly appreciated.  The details are below:

Current Equity=roughly $100k

Monthly Payment=$1600 (includes mortgage, Insurance, taxes, and HOA)

Potential Rental Income=$2000-$2200/month

Potential Appreciation=minimal

Potential Expenses=New roof (within a few yrs), new A/C (within a few yrs), normal maintenance and upkeep

Potential opportunity=use the equity from the sale to reinvest in additional properties for my portfolio which will generate a 12-15% return/yr.

Other details=I initially put about $22k down when I purchased the house 6 yrs ago and I have paid down principle of about $25k.  Most of the equity is from appreciation due to the purchase price I bought it for.

The cash flow from renting the property would be nice , however there will be some major expenses coming up.  I am not sure what the best way to look at the investment is.  I am also receiving a tax benefit with my current loan.  I am not sure if it makes sense to sell and take my equity out for reinvestment or keep the property and use the cash flow and for reinvestment and have someone else pay down the loan and build my equity.

I am happy to answer any additional questions.  Any help would be great!

Thanks,

JL