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Updated almost 5 years ago,
Sell or Rent Home? Need to understand ROI
- I have house in Clovis, CA. Purchase Price was 260000 (2014 build). Current market price 310000. Current Mortgage: 15 year term(12 year remaining). Interest Rate: 2.625%. Purchased in 2014. If I sell this year I don't need to pay Capital Gain tax (Was in that home till Jan-2018, after that tenant occupied)
- Current rent is 1595 per month (Current Mortgage payment - $1968 includes property tax ,insurance etc). Should I sell this house or keep it?
Will appreciate your response.