Rental Proprty in Aurora
hello, I currently have a rental property in South east aurora. I charge $2,650 in rent and have a cash flow of about $700 a month. However, the mortgage for the property is about $1700 a month. The property is worth approx. $450K and I bought it for $335K. It is in a nice neighborhood and was built in 2006. We are having some issues with the tenant and I am thinking about selling it or possibly renting it again. I know the rent and mortgage seem high on the property but the cash flow is great. Any recommendations on selling it to get a cheaper rental or should I hold on to it????