Washington DC - to sell or not to sell

[Devin Tang]

Hi,

I am relatively new to Biggerpockets, and need some advice.  I currently own a Duplex in Washington DC that I used to live in, that I bought in 2013.  Currently one of my tenants has moved out, and the other tenant is month-to-month.  I saw this as an opportunity to do something with my property.  I'm just not sure what.

Here are the stats: 

House is worth ~ $1.1-1.2mill

Mortgage left $530k

Monthly mortgage payment (includes tax) $3200/month

Market Rent for both units - $6k/month

Property mgmt 7%

Expenses ~$2k/year

A) Sell and get a potential check for $500k to invest elsewhere

B) Continue to rent & hold - status quo

C) Continue to rent & hold & refinance cash out? to invest elsewhere

D) None of the above

[Ron Gallagher]

Nothing near "National Landing" is going to cash flow like this DC Duplex so I wouldn't go chasing Amazon.

Also, I will do the property management for $2999 a year ;]