Sell a great rental or continue renting?

[Aaron Eveland]

With this hot market it’s tempting to sell. I have a house/duplex in an incredible market that is a great rental that I never thought of selling. But seeing what a house sold for next door is causing me to reconsider. Rental brings in about $2,200 net income (P/I, utilities) not including cap Ex nor vacancy. However based off the numbers I am seeing of houses selling, I am sitting in about $450,000 gross profits off a selling it. Maybe upwards of $550k. Anyone got advice?