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Updated over 6 years ago, 08/15/2018
![Dustin Bergeron's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1046318/1621508036-avatar-dustinb69.jpg?twic=v1/output=image/cover=128x128&v=2)
Renting out House because of job opportunity thats out of town.
Guys, I am waiting to hear back but I will try to breifly explain my situation.
Just bought a house in May 2018. Have a possible job offer out of state. If the offer makes sense, might take it, as I have been waiting for a long time for it.
Looking at my house see the details below.
Loan on House : 241,900 (1210 / month mortgage)
Potential rent : 2,500 /month (based on comparable rentals)
HOA fees : 150 / month
PMI : 150$ / month
Insurance : 1900 / year (includes flood)
Taxes : 5,500 / year
Utilitites : On Tenant
After vacancy (5%) and maintenance (10%) and property management (10%) I am at a loss (-200 cash flow) each month. If I include the equity, I make about 120$. If I try to sell the place I might get similar to what I paid for it, maybe more as we have done some repairs and cosmetic uplifts.
Im trying to figure out, should I try to rent it out or sell it? Selling it I assume I will lose money on the realtor commissions or break even as I have about 6% in equity at the moment.
Thoughts are appreciated!
If you need more details, let me know. Thanks in advance!