Need Help Analyzing a Scenario

[Donald DiBuono]

Hey!

Bought a house in Cash - 152k. We put 17k into it. We have 2 options currently:

Rent the property for $2,050 / month and cash flow $519 / mo or

Sell the house for 230k and we hold the paper at 6.5% for 3 years. Balloon after 3 years with 10% down payment. Cash flow per month is 585/mo bu that includes ~200 / mo in principle pay down. Profit would be ~385/mo.

Would love to hear your thoughts!