Should I keep a $500k condo on $2200 Rent because of Interest Rates

[John Kim]

Hey BP, 

New to this forum and thankful to be a part of the community. I have a 2bd/2bath condo in DC that I purchased with my family back in 2019. The condo at the time was around $500k and we put down a large downpayment to keep our monthly mortgage low. In 2022, however, I got a new job that brought me overseas and thinking we may come back, we decided to rent it out temporarily. However, we will most likely never return to this house. Here are our numbers. 

- Mortgage plus HOA ($1800)
- Interest (3%)
- Rent ($2200) will most likely raise rent to 2300 in July 2024. 
- Rate of appreciation is pretty low

The only pro we have going for us is the interest rate. But I don't know if it's worth maintaining. Would love to hear your thoughts.