Neighbor asked to buy my house

[Jason C.]

So I received an unsolicited call today from a neighbor of one of our rentals. He sees our tenants moving out today and wants to know if we are willing to sell him the house. I told him yes but I would have to see how much I have tied up in it and will call back.

Now, I am willing to sell any of my properties and this one, based on its location, is one of the first I’d probably get rid of, even though we are more in our accumulation phase

I bought the house as a package with two others for 95k. I’m not really sure how to evaluate the exit price of the property though. Looking at my available sources, tax records have the house at like 34k, Zillow has it at 75k, and that’s the extent of my research so far.

I don’t want to ask a realtor how they would value it and I’m not super familiar with this market to know what I should try and get for it.

Also important to note is that I have no made no capex investment yet in the two years I’ve had the house and it’s been rented the whole time. So my whole investment in the house is about a third of the original 95k. Say 32k

How should I find the right price for this house to offer?