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Updated over 5 years ago,
Is this a good investment - Sell or Hold?
Purchased a villa near Tampa ~3 years ago in a good town with good schools and trying to decide if it's time to sell or rerent... it's an out state rental near my brother and my PM is good and tenants have been good so far but tenant just moved out. I'd use the profits to pay off HELOC and pay down another rental's mortgage.
Purchase 125K plus 25K repairs
Would sell now ~215-220K
Owe 85K - 5% rate used HELOC from primary home
Rent $1550-1600/mo
HOA $275/mo
insurance $200/mo includes flood policy $600/year
RE taxes $200/mo
Management $155/mo