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Updated over 4 years ago,

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4
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Hunter Bowen
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4
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[Calc Review] Help me analyze this deal

Hunter Bowen
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

This has been a rental of mine for 3 years now. I now the Cash on Cash is good, but I am not sure if the Lifetime Investment is? The property is worth twice what I paid for it. My concern is seeing the Annualized Profit go from nearly 100% to 20% each year I hold. I'm not sure I fully grasp when to just get out?

The area is in a rural area 30 minutes away from Charlotte, so I don't see a big boom close by, but the area is A-/B+

My dilemma is deciding to sell now while the market is hot and dump the money into an area with more appreciation, or hang on to it and pull out a HELOC on it to buy another property (I am preapproved for 75% LTV)

Thanks in advance!
Hunter

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