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Updated almost 6 years ago,
Shoul I sell or rent
I have a home in Charlotte, NC. 3/2 and 1/2 1500 sq ft. Uptown Charlotte, Wesley Heights. Lots of new developments in the area. Vacant lot accross from my property is going on 2nd phase of new townhomes, selling in the range of $400,000. My mortgage is $683. Owe $200,000. I rent it out for $1,600. Taxes are $2,100. Zillow shows value at $370,000. I’m in Miami now; however I’ve got a great property manager. Tenants are great, pay on time. Not sure if to keep it or sell it, now that prop values have gone up.