should i sell my first SFR?

[Benjamin Rogers]

I'm trying to decide whether to sell the first SFR I bought or to continue to rent it.

Purchased at auction in 2017 for $84,500. I have a tenant paying $1,350/month since I've owned it. Market value $175,000. Other houses in the neighborhood are listed for $1,695/month. I've not pushed the rent since I didn't want turnover and my tenant takes good care of the house. 

My thought is to sell and to reinvest the gains, possibly in an opportunity fund to avoid capital gain taxes. 

Any advice?

[Benjamin Rogers]

@Patrick Smith For asset protection reasons, I put the property in an LLC when I purchased it. That decision has limited my ability to do a cash-out mortgage. The two lenders I've approached don't offer conventional mortgages to LLC's. They want to give me a 5 year ARM, which isn't appealing to me. Thanks for the encouragement to raise rents; that needs to be done.

@Jaysen Medhurst Thanks for mentioning ROE. I'm not accustomed to thinking in those terms. I'm favoring selling and harvesting the equity in this property for other deals.