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Updated about 8 years ago,
Agent in CO Springs
Debating putting our SFR up for sale in CO Springs.
A few specs:
SFR 3/2.5 and 2 car garage. Powers neighborhood. District 49 schools. Built in 1999
Current Cap rate 9%
Purchase price 184K (2009). Owe 163K. Estimated sale price 235K (based on other homes recently sold)
Thing is, we have moved to Florida and are considering re-investing the money here so we can be involved in the day to day property management.
Would now a good time to sell in Colorado Springs? Why? or Why not? Living out of state we can do some research but can't get the real "feel" for what's happening.
Thank you so much in advance!