Need some advice on Buying vs Selling my home.

[Jeffrey Walther]

My family currently lives in utah county and my mortgage is 802.57 a month with taxes and escrow at a 3.75%.  We owe about 133k on our home and we are looking into getting into a bigger house/ better neighborhood. We aren't planning on moving for at least a year, but we just want to gather as much information as possible. On zillow our house is estimated at 250k and rent is 1200 a month. 

My goal is to get a good amount of passive income so we can be financially free and I figured that renting it out would be a good way to do that. But after looking at it, we could sell our house and put a good amount of money as a down payment and still have 10-20k left over to invest in other opportunities. Any advice would be greatly appreciated.

[Jason D.]

@Jeffrey Walther I would advise against using Zillow to value your home. There are much more accurate ways to do it, and a good realtor could give you a more accurate assessment. Selling you home would give you tax free profits, allowing you to buy a better investment than renting your current home, but run the numbers. Maybe the cashflow would be great on your current home and a great investment. Having a really low interest rate is a huge advantage because your next mortgage will likely be 5+%, so figure that into your analysis as well....