Based on comparable listings recently sold I think closer to $650k there would be more interest.  

And a condo can take longer to sell when you exit compared to a detached home.

Investment Info:Single-family residence buy & hold investment.

As both an investor and a mortgage broker who has personally used both options, I can say there are benefits to each.It ultimately comes down to comparing the two side by side based on your specific situation.

Investment Info:Single-family residence buy & hold investment.

As for holding a home and building another one - be sure to include carrying costs of the first home while building the second.  

When we collect the holding deposit, if the tenant does not move in as they have agreed they forfeit their deposit and their application is revoked.  

Through this journey, I’ve built strong relationships and developed valuable expertise in:Researching micromarkets and identifying comparables, potencial Accurately estimating construction or remodeling costs.Securing fast and reliable financing through partnerships with two top hard money lenders in Texas, offering competitive rates.I’m on this platform to connect with capital partners who are seeking an annual ROI of 12%-15%.

So I would continue to hold the property - but I would be sure not to miss the ability to exempt the gain - so be sure to sell within 5 years.  

With the purchase, the rehab, the closing costs and the holding costs (hard money, taxes, insurance, utilities) our all in is around $200,000, but we have created $40,000 in equity.