Selling a Rental Property

[Jeff Short]

I’m considering selling my rental property in Las Vegas. I purchased it back in 2011 near the bottom of the market for 135k. I currently rent the place for 1600/month with a loan of 80k @ 4.6%. Estimated value is 330k as of today. Cash flow is 650/month after all expenses.

Like many, this year has been a “bumpy road” with rental payments being problematic. My renter is currently 4 months behind on rent. Eviction in Las Vegas is on hold like most places.

My big question is the best time to sell and just take pay capital gains? Obviously a 1031 exchange would be best...but a 200k boost to the bank account wouldn’t hurt either.

Any thoughts/ comments are greatly appreciated.