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Updated about 6 years ago,
New member looking for advice
Hello!
Trying to determine if I should continue renting out my house or sell it. Moved about 2 hrs away on short notice and had some friends of friends start to rent my house. They have just been paying me for what I owe on the mortgage. I'd like to either sell it or actually turn it into a rental property but I am not sure if it is worth it. The house is valued at 95k. My mortgage is around 650 and I could rent it for 850-950. If I sell it, I think I might walk away with 3k gain. What do I need to be looking at numbers wise to see if it is worth keeping?
Any help appreciate. Thanks!