Hold or sell primary residence as investment property?

[Khalil Sleiman]

Hi all,

I currently have a single family house with a separate guest suite. It is essentially two units, 1B/1Ba, 3B/2Ba. I am looking to move out of the 3/2 and am trying to decide whether to sell the property or hold as a rental property.  

The 1/1 currently rents for $1200/month. I estimate I could get $16oo for the 3/2, bringing the total rental income to $2800. The mortgage and escrow payment is $1750 per month. Estimated management fee is $224 (8% of estimated income).

Based on these numbers, the property does not pass the 50% rule.  Should I sell it, or are there other considerations that I should take into account first? 

Thank you!