Sell vs Keep Investor Advice or Insights

[Scott Garrels]

Hello BP family,

I am hoping to get a little advise or insight from some more experienced investors if possible.

I currently have a SFR located in Iowa which just became unoccupied. It needs about $20K (mainly painting or siding the exterior) to bring to a market-ready place for selling it. This would put it around $120-140K in ARV based on comps within the last 30 days.

Current market rental rates for this property are in the range of $1100-1300 per month.

Gross expenses are currently at~$850/ month, including debt, insurance, taxes @ 4.75% rate.  No utility costs.

My question is would it be better to sell the property As-Is with no investment into a rehab, Rehab then sell, OR keep as a rental and tap into potential equity?  What factors am I missing from the assessment described here?

I appreciate any insight or ideas you can share.  Thank you in advance.

Scott