Converting residence to SFR?

[Richard Mahn]

I'm going to be moving out of our home soon and trying to decide between selling or keeping my house as a rental. I'm currently about 2 years into a 30 year mortgage at 4% fixed. The market value of the house is about $280k, and I owe $237k on the loan. The house should rent for ~$2,000/mo. My question is how do I analyze this "deal" being I already have the home purchased? Do I look at it as if I'm purchasing the home for $280k with $43k down, or use the loan info from when I first purchased the home? I currently own one other rental that used to be my home, but I kept that one for lack of options and did no analysis beforehand. I'm trying to go into this one more prepared. I appreciate any advice you all have.