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Ryan Munson
Pro Member
  • Rental Property Investor
  • Katy, TX (Katy)
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Dilemma: hold or sell in Austin

Ryan Munson
Pro Member
  • Rental Property Investor
  • Katy, TX (Katy)
Posted Jun 10 2018, 16:46

I recently accepted a job in the Katy/ Houston area that starts next month and am debating if I should sell or rent my house in Austin.  Here are some data points

  • 180k is owed on the home
  • Mortgage: $975 (P:$220/ Interest: $755)
  • Recent appraisal: $280k
    • Comps for the area are between $260-$280k
    • Taxes: $5700
    • Insurance: $1020
  • Rental comps: $1650-$1700
  • Purchased in 2014: $203k
  • Listing cost: $1360/ or 80% of the first mont's rent

Any input would be greatly appreciated!

Thank you,

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