SELL Coastal San Diego Townhome or Keep?

[Jay Chandler]

Hi there

I bought a townhome in Oceanside, California back in 2016 for 445k. Its 3 bedrooms/3.5 baths in a gated community and a 15 min walk to downtown Oceanside/the beach.  

Id say its worth about 590-600k.  

I have great tenants in there and I am cashflowing $300 a month not including any unforeseen maintenance.  Downtown Oceanside is an "up and coming" area and I "feel" that long term the property could severely appreciate.

However, I want more cashflow.  I could sell the place and invest the equity into out of state rentals and (hopefully) net $1000-$1500 month.  

Im debating this vs keeping the property for a while.  My wife and I lead a comfortable life and net over 200k from our W2 jobs.  No kids yet, but maybe in a couple years.