Sell or Hold this East Point Rental?

[Tori Hansen]

Our rental property (3/1 SFH) in the Colonial Hills neighborhood of East Point has more than doubled in value since we purchased in 2015. I'm debating whether to keep holding  or sell... what would you do?

Here are the numbers. 

Purchase Price: $49,500 (Current 15 yr Loan Balance $35K ---- $435 per month PITI)

Current Value: $130,000

Rent: $925

Our initial strategy was long term buy and hold. But being that it's increased so much it's got us thinking... considering taking the gains to put down on a small multi family, or SFH in an A/B class neighborhood.

[Michaela G.]

Why not hold and refi and pull money out? 

Theres so much happening and prices are still going yup. Tyler Perry studios. People are priced out of pittsburgh and will look further south.

Then theres the 350 acre planned Development in College Park.

I just got a contract on a property in East Point yesterday.

I really think its worth holding on to stuff ITP. At least until we know where Amazon goes.