Should I Keep or Sell my Rental Property
Hello everyone -
I'm hoping to get some general input on what I should do with one of my rental properties (eg, do you think the amount of equity I have would perform better in a different investment). Also, what calculator(s) do you all recommend for analyzing current investment performance (rather then analyzing new investments). Some details on the property:
Location - Condo in Orange County, California
Current Value (based on zillow) - $520K
Current principal on loan - $100K
Monthly Rent - $2,800
Current Monthly Income (before factoring in maintenance and vacancy) - $1150