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Updated about 6 years ago on . Most recent reply
Sell home or rent it out for next 3 years?
So we’ve owned our SIngle family home for 3 years and are about to move overseas for 3 years (I’m an officer in military). We will definitely be renting a home overseas.
Is it best to sell this home when we move this summer or rent it out for 3+ years (then possibly sell when we return to USA).
We owe 273k on house. Zillow says it’s worth $295k. I think we could rent it for $1800/mo. Our mortgage + hoa comes to $1475/mo. House has 4 beds, 2.5 baths (2300 sq ft) plus finished basement (1000 sq ft with “bedroom” and another bath.
My thought was 3 years of renting it out would reduce principle and hopefully home would appreciate.