San Diego SFR; Rent out or Sell
Good Afternoon,
Looking for some friendly advice or what others would do in my situation.
Currently living in a home I purchased in 2013 at 400k, however, getting ready to move in the next few months. Home is located in San Diego more specifically Spring Valley. Owe around 336k at 4.75% paying 2443 a month to escrow (600 approx to insurance/taxes) home valued between 585k-646k(I like to stick to lower try to be conservative). Projected rent for this house would be 2700 on the lower end and 3100 on the high end, I think given the location of the house and view can pull 2900 a month however sticking to my theme of conservative say I only pull 2700. Being this would be my first rental and managing it myself (to cut property management cost) I am nervous that I am missing data points and I'll end up in the negative(I can swallow a small negative in return for long term gain). Would you keep it as a rental or sell?