To rent out or to sell
I am about to move out of my current residence into a house that I recently acquired last year. I am trying to decide how I want to use this property to move my investing forward.
Mortgage : $94k
Monthly mortgage payment: $1077 (escrow included)
Est. sales price: $150-160k
Est. market rental rate: $1400-1500
This house is a 3/2/2 in 76120. I am looking to acquire more property this year and my goal is to build passive income though sfr. The new house is in river oaks and I plan to do a cash out refinance once I move in.
Thank you for your thoughts!
Most Popular Reply
It's not a rental that I would be interested in but I don't know your market. It looks like your cash flow will be minimal at best. I think I would sell and take the cash to reinvest.