DFW Property Suggestions, Flip, sell or rent
I have a property in DFW, DeSoto. Rents for $1300, no mortgage. Has been a great rental for 25 years. Tenant is moving out. Property values in DeSoto are increasing for the first time in many years. It's a 3/2 all brick, vinyl soffit/facia on Claire View Drive. Suggestions for selling now or keeping it rent as a rental. I'm remote, ex-Super Collider employee for anyone that remembers, but I do have some family in the area that could monitor but not interested in helping in the rehab.
My guess is new carpet/paint would bump rent to 1595, however, taxes have gone up so much and continue to go up as to wipe out most of any additional rent gains.
So, sell as is, fix and rent, fix for sale, sell and hold the note...
Thanks
Kevin