Rent or Sell this house? Here is the info about it.

[Joshua D.]

So we are just finishing up a beautiful house right now. Its a 3 bed/ 2.5 bath ranch style house with attached garage and detached garage in back both in wonderful shape.Fenced in yard with big above ground pool and porch around it.  Also putting a brand new back porch on the back. Roof still have 10-15 years left, new gas furnace, new ac unit central air. Everything in the house has been remodeled. Its a nicest property we will have. Great location and beautiful neighborhood. B neighborhood. My question is to sell it or rent it? Here are my numbers. Will have $55,000 into it. Could sell between $100,000-$150,000. Or rent between $1000-$1200. Here are more detailed numbers from BP rental calculator. If you need anymore info please let me know. I also have 7 SFH all together and a duplex. Im $140,000 in debt

NOI:  

$6,944.00

Cash on Cash ROI:

17.56%

Monthly Cashflow:
$439.09

Income-Expense Ratio (2% Rule):
1.96%

Total Initial Equity:
$94,000.00

Gross Rent Multiplier:
1.89

Debt Coverage Ratio:
4.15

Purchase Cap Rate:

27.78%

Pro Forma Cap Rate:
5.79%

[Joshua D.]

@Jacob Murphy Thanks for the great response I really appreciate it. I guess i have got really lucky because i barely have a high school education. Just put my head down and went to a little work. Im trying and only time will tell. Im gonna rent it. We are about 2 weeks out from finishing and will have $55,000 all in. Will be a beautiful home in a A-B neighborhood. Ill try and post pics when project is finished and would like everyones input. Thanks everyone