Dilemma: hold or sell in Austin
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,