House is a money pit

[Kyle Weinapple]

Hey BP, I am stuck in a situation where i have rental property in Baltimore city and it is a money pit. The good thing is that its at at 2.875% interest rate. I have owned it for 4 years now and have put a good amount of money into it already but with the condition that it is in now, it probably needs another $30,000-$35,000 put into it. I have enough in savings to pay for it but I keep asking myself should i just sell it and get it off my plate and lose the low interest rate or bite the bullet and do a big rehab and continue renting it out. I know the solution can really depend on the individuals situation but any opinions or ideas are appreciated! thank you BP!

[Nathan Gesner]

It's all math. 

After pouring $30,000 into it, what will your return on investment be? If that doesn't make sense, sell it and move on.