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Updated about 5 years ago,
Help analyse:Sell vs Hold
Hello,
I own a owner occupied three family home
and contemplating on whether to sell or hold due to a recent job change out of state. This was my first real estate investment that I made a little over two years ago.Its a 15 year old home with hardly any maintenance issues so far,
(I will probably need to replace the two HVAC units as they got old however they are still in great working condition.)
1)I bought the home at $750k with 20% down payment.
2) Property taxes at $1000 a month
3)Home insurance about $150 a month
4)Other utility costs around $200 a month
5)I already paid off up to 60k principal
6)There is lot of potential for appreciation in the near future but let's discount appreciation from the analysis.
7)Once I move out the total rental income I will make on this property is $6000 (@ $2000 per unit)
Is this a fairly decent cash flowing property? please help me analyse if I should sell or hold?