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Updated over 6 years ago,
Sell or Hold this East Point Rental?
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.