No cash flow but great property! Rent or Sell?

[Trevor Toft]

I currently own a town-home in a great neighborhood that I purchased back in 2020. I am looking to start my real estate investing journey and my first thought is to utilize a HELOC on my primary residence, rent it out to start my cash flow and use my equity to purchase a new primary residence. My question: Should I still pursue this strategy if the rental calculations show close to no cash flow? The main reason I am still considering it is because of my extremely low interest rate. Info below:

Original Purchase Price = $340,000  (2024 Zestimate = $430,000)

Interest Rate = 2.25% !!

Estimated Rent (based on neighborhood median) = $2800

Total expenses including HOA, Capex, Property Mgmt, and 50% rule for maintenance = $2750

Cash flow = $50  :(

Do I hold onto this gem or sell it and move onto a new strategy??