Rent or Sell Townhome?

[Mark H.]

I am looking to move in the next year or so and purchase a new home in the area.

Should I sell my current townhome? Here are the numbers:

Current Estimated Value: $640,000 

Current Mortgage Rate & Balance: 3.25% & $353,000 

Mortgage Payment: $1650 

HOA Amount: $199

Yearly Taxes: $5500 Yearly Insurance: $750

Based on comps in the area, rental rate would be between $3000 -> $3200.

I have no debt other than this mortgage, and enough cash on hand for the new house's down payment as well as a hefty emergency fund. I also have experience managing my mother's 6-unit apartment building, so I know what's it's like to have renters.

Do the numbers make sense financially to keep it as a rental?

Thanks.