Selling vs Renting
Single family home downtown Los Angeles
FHA Loan 30 yr
Original loan amount - $137,514
Original loan date - 8/11/2013
Current balance - $131,082
Interest rate - 4.250%
Monthly - $1,288
Property description:
4 bed / 2 bath
1,400 sqft
Backyard
Garage - currently no car access
4 car drive way (inline)
Porch
Small yard
Close to hwy, markets, schools, hospital, 1 mi east from USC.
I have read conflicting opinions on buying vs selling. Using a calculator on one site it recommended selling and putting my money in a high yield savings because it would make more money vs renting. However, those conditions I weighed we're assuming rent was under $2,000 monthly. Then I read it's better to rent based on the 2% rule. Just so many articles. Your thoughts please...