To rent out or to sell

[Eric Lasley]

I am about to move out of my current residence into a house that I recently acquired last year. I am trying to decide how I want to use this property to move my investing forward. Mortgage : $94k Monthly mortgage payment: $1077 (escrow included) Est. sales price: $150-160k Est. market rental rate: $1400-1500 This house is a 3/2/2 in 76120. I am looking to acquire more property this year and my goal is to build passive income though sfr. The new house is in river oaks and I plan to do a cash out refinance once I move in. Thank you for your thoughts!

[Darren Budahn]

It's not a rental that I would be interested in but I don't know your market. It looks like your cash flow will be minimal at best.  I think I would sell and take the cash to reinvest.