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Updated over 1 year ago on . Most recent reply

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First Property - Rent or Sell?

Layton Mikkalson
Posted

I bought a 2,200sq ft 3 bed, 2.5 bath home in 2022 using the VA Loan for $330,000 at 3.25%. The Zestimate is now $389,000. Mortgage is $2000/mo and I could rent it for $2,500/mo. I'll be moving to St. Louis in June to start a residency program and won't have much time to manage the property and I'm not sure what I'm getting myself into. The home is in decent shape but the roof is from 2002 and will need to be replaced at some point. I'm wondering if I should just avoid the headache of renting and just sell or if I'd be making a huge mistake since I have $0 down and locked in at 3.25% interest.

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