Sell or Rent Primary home

[Chad Roberts]

Hi All,

I am moving and trying to determine which strategy makes most sense for my situation. I own a home in a A neighborhood in South Florida. Appreciation and rents have been strong, but I am concerned about climate change and the fragile nature of the home insurance industry here, as rates are rising fast. 

Primary home: purchased for 650k in 2018 @2.275.  Roof assessment pending for ~30k.  Total fixed costs: ~4800 (taxes, insurance, maintenance, capital improvements, etc.)

Current value: 1M-1.2M

Rental potential:  8-12k based on comps 

Should I rent or sell this home?

Thanks in advance!