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Buying & Selling Real Estate
HomeForumsBuying & Selling Real EstateShould I sell
Mic Nguyen's profile image
Mic Nguyen's profile image
Mic Nguyen
  • Residential Real Estate Broker
  • from pensacola, Florida
  • Member since Sep 15, 2010
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Mic Nguyen's profile image
Mic Nguyen's profile image
Mic Nguyen
  • Residential Real Estate Broker
  • from pensacola, Florida
  • Member since Sep 15, 2010
Connect
Mic Nguyen
  • Residential Real Estate Broker
  • pensacola, FL
4
Votes |
45
Posts
Buying & Selling Real Estate

Should I sell

Mic Nguyen
  • Residential Real Estate Broker
  • pensacola, FL
Posted Feb 3 2016, 00:17

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?

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