Selling a current rental property FSBO.

[Christian Thompson]

I recently just rented my SFH that I bought in 2018.

Backstory to all this: I bought a SFH at $176,500 in 2018. I had 2 friends move into it with him helping pay down the mortgage. 8 months later I landed a new job and had to move out of state. At this time I had only one friend in the house. My note each month was $1,140. He was only paying $1,050. I put up the extra $90 since I still had some stuff at the house. He recently moved out in October. I got the house rent ready. Putting about $1,500 dollars into it (Dishwasher, microwave, new carpet, paint, etc.). I then had to come out of pocket $8,700 for a new roof. I had a renter move in, in November. Renting it out for $1,600/month. They recently called me and asked if I would be willing to sell it. Comps right now for the area are around $190K - $195K. I'm just looking to get someone else's opinion on the situation. I could sell for sale by owner and not have to pay real estate fees and 1031 exchange it into a property or properties that cashflow better. Here's what the current numbers look like: I do manage the property myself, so technically is cashflows $219. But I also did just come out of pocket around 10K so it will be awhile before I see that come back. Thanks in advance for any advice.

Rent:	1600
Mortgage/Ins:	1,141
Vacancy:	80
Repairs:	80
Capex:	80
PM:	160
Cashflow:	59