Analysis of home in miami

[Dario Furman]

In 2014, I bought a single-family home in Miami with an ADU. We moved out in 2022 and are renting the home on a long-term lease and renting the ADU on short and midterm the Home currently cash flows net of all expenses around $8000 a year and the home currently has around $400,000 in equity. The house has a loan at 3.25 fixed 30 year loan.

Am I better off selling it and buying something else. Do I still get tax savings since I lived in it from 2014-2021? 

[Ray Hage]

Quote from @Dario Furman:

i bought the home for 384 in 2015 and put 60k down payment. over the years i spent about 50k in rehab. 

not sure where else to invest. listening to biggerpockets episode # 853 got me thinking about looking at ROE not cash flow as much. so i was just curious what more advanced investors thought about my situation. 

 I would absolutely keep the home. South FL is still growing and appreciating but not as crazily as before. If you have money sitting around, consider lending it out to flippers. I am doing this now and have done well.