Getting offers to buy my cash flow rental

[Austen Carroll]

I have a small 2 BR rental in a great location in Salem ,OR. It's been producing a decent amount of passive income for the last few years which we've been very pleased with. We've received numerous inquiries from interested buyers about if we would want to sell. Up until now we just said no not interested mainly because we wanted to stick with our investment to see how it panned out. Now however, we're starting discuss ( my wife and I) how high an offer is high enough to make us let go of our little cash cow?

Property data:

2 BR 2 bath single family

Bought it in 2016 for $168K.

Over the last three years we profited after mortgage, management, tax, and maintainence approx $400.00

The market for downtown Salem is only going to get more aggressive so I don't foresee ever having a problem finding tenants.....

Your thoughts and experiences?

Also, I'm dislocated from the unit. I live in NC. So the idea would be IF we sold the house. Wed invest it in a prop closer to us (east coast)

[Anthony Wick]

@Austen Carroll

Set a price that would make sense, and tell the buyers what said price is. Everything has a price. Literally everything I own is always for sale! Shirt off my back? Sure. That’ll be $100 to get me to go home shirtless. Car? Sure. Pay $10k over blue book and I’ll walk home. You get the idea. I’m still in the buy and hold phase, but if somebody wants to pay way over property value, I’ll sell everything.