should I sell or rent?

[Ben C]

Hi all,

So glad I found this website, I have been reading for the past few hours, and just so much to learn here. I am a newbie wanted to get into rental business. I have a townhouse I currently live in, and are looking to buy a bigger house for the growing family. I have refinanced 1 year ago and with a good rate at 3.75% for 15 years.
the numbers for the townhouse as follows

monthly mortage 949.03
property tax 123.23
HOA: $160
Total Cost monthly=1232.26

Expected Rent $1200-1400

By looking at the numbers, I will be lucky if I break even through out the year, but most likely going to have negative cashflow . Should I hold or sell this property, I have around $130000 left in the current mortgage and the house probably worth about $145000 most.

any suggestions will be appreciated.

Thanks

Ben