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Updated 11 months ago,
Rent out or Sell - 2024
Asking for some numbers analysis.
Landlord work is work and risk but I had experience. I'm hoping housing markets will pick up again in Austin/TX area.
1. SELL: ~720K (loss ~30K), 2.5% mortgage rate 27 yrs left. Total monthly house cost ~3500
2. RENTAL: ~3500/mo market rate. House in great shape
Cashflow may not be much but the LOW mortgage rate + deductions may help
How should I approach this calculation?
What other factors should I consider?