Should I sell or continue to rent the property?

[Wendell Clark]

We (wife and I) purchased a home to occupy in 2016 and 2018 I moved. I had no upfront cost to move into a new construction home. In 2018, we moved and started renting out the home. I was cash flow negative (the house was on a 15 year fixed), and I recently refinanced to a thirty year fixed investment loan. It now is $175/month in cash flow. The house has increased over $30K in value, and now I have over $60K in equity. I only had to put down $1000 total ($500 for appraisal and $500 at closing) for the refinance. When I run cap rate ratio the home doesn't seem like a horrible investment. When I run the ROI the home seems like a great investment. Should I continue to rent the home or sell the home when the current renters move out in June? Thank you for your help.

[Nick Giulioni]

What would you do with the money if you sold? Do you have another market? I’d leave it parked personally, but my strategy is buy and hold.