Analysis on Cash Flow of Existing Property

[Kevin Peters]

Just to preface this question, go easy on me. Its my first post on the forums, but looking to learn more.

My wife and I moved into a new house after getting married and kept the house she originally bought to use as a rental property.

Its been a few years and we are trying to decide when to know what is the right time to sell or if this is actually still worth renting out.

I tried to use the four square method, but a little confused on the process since there are some things in the past. We had a mortgage that is now paid off. So, boxes 1 and 2 are easy since we have it rented out right now. Then, I guess its just box 4 and the real analysis that is throwing me off. If we sell there might be a small gain from the purchase price, but I really want to see if the percentage makes sense here or if we could do better investing this money in possibly two houses after the sale.