Should I rent or sell?

[David LaHaie]

Hello,

I'm deciding whether or not to lease my primary residence when I move this next year.  It's in a great walkable neighborhood that should be fairly easy to rent out.   Below are some key numbers and I'd appreciate your thoughts on what you would do if you were in my shoes.  

Appraisal Value, $445k

Loan, $250k, 18 years remaining, 3.0% fixed. PITI ($2230/ month, principal payoff ~$900 per month) HOA $150/ month.

Market lease rate, $3100-$3500

Roughly 10 years old, and I don't anticipate any major repairs soon.  The area has been appreciating quickly over the past 10 years and I suspect it will continue at ~4%.  

I'm having difficulty making this decision because the property won't cash flow very well, however, it should be exceptional with respect to principal payoff, tax advantages, and appreciation.