Should I sell

[Mic Nguyen]

I purchased a SFH in Cape Coral area in 2010 when the market tanked for 61k. Its been rented to the same tenant since for $700 month. Annual expenses are $2k for tax & insurance. I could net roughly 110k after closing. Wondering if I should let it go now considering I haven't found a property to replace it with but I know my ROI is low @10.4% currently. Any suggestions?

[Seth Nadreau]

You're renting a 4/2 for $700 a month?

Just a quick FYI. There are NO single family rentals in MLS right now at less than $1,000 in Cape Coral. Most of those are older 3/2s. You could likely be pulling in $1,250 a month or more.

While I admire your loyalty, it appears that you are kinda taking a big hit monthly... which slightly defeats the purpose of investing.

Also, I'm curious as to where your $110K number came from. With what little info you've provided, I'm willing to bet you could cash out for a bit more than that. Although, the taxes would eat you alive.