Should I Sell This House in Austin?

[Jonathan Marsh]

Bought a new build townhome for $525k just over a year ago with 20% down securing a 4.2% interest rate. PITI is $3,100.

Moving out of state in a few months.

There are still new builds identical to my model for sale going for $475k and rental comps in the area are about $2,650-$2,750.

I don't need the money now but losing $400/month is not good.

The one saving grace is is that investors are bringing $300 million go my neighborhood to turn it into the next downtown. More bars, restaurants, apartments, etc. 

Hopefully I can raise rents aggressively.