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Updated almost 5 years ago,

User Stats

15
Posts
5
Votes
Gene Fish
  • Warrington, PA
5
Votes |
15
Posts

Should I sell my rental condo?

Gene Fish
  • Warrington, PA
Posted

It's been very easy to rent but I'm not sure if the numbers justify keeping it.

Our Tenants are moving out shortly so I'm evaluating now.

I would be able to sell for $275,000 or rent it for $1,900 (maybe $1,925)

HOA is about $2,100 per year and taxes are $4,500 per year. It's a newer condo so repairs are minimal (appliances here and there and a plumbing issue here and there).

it's in a good school district so it should always be easy to rent, but value is very flat so appreciation looks like it'll be minimal moving forward.

Thank you!