Advice: Rent vs. Sell

[Jonathan Hudak]

Hi,

I’m looking for advice on our current residence. 
My family is close to closing on a new house, about 30 minutes from the condo we are currently in. 
The math seems to be screaming “RENT”, but my wife is hesitant and prefers selling in the current climate. 

I’ve been interested in RE investing for a few years now but have not been in position to do so until now. 

Current Property #s:

-remaining mortgage (just refinanced this year): $192000

-P&I: $809/mo

-HOA: 340/mo

-Taxes: 500/mo

-estimated selling price: $320000

-estimated monthly rent: $2800 in a very desirable location, great for commuters or local professionals. 

Every which way I calculate, even with very high maintenance and vacancy reserves, it seems to cash flow minimum of 300-400/month.

Basically, I’m looking for a counter argument. What am I missing? 

I wouldn’t mind paying someone for 30-60 minutes of your time to help break it down and get another perspective also. 

Appreciate any responses!

[Bruce Woodruff]

Originally posted by @Jonathan Hudak:

@Brent Coombs we’ve talked about it over the last few years in accordance with our long term goals. She tends to err on feeling safe and risk avoidance, but she trusts me as far as analyzing and handling finances. 

People that err on the side of feeling safe should not be in business. Period. Without hurting her feelings can you get her to manage another piece of the puzzle and let you make this decision?