Sell or Hold as Executive Rental

[Wally Richburg]

Hi community, 

I am seeking some feedback on whether I should sell a home or BRRR the home.
I purchased a home for $765k,  with 10% down. 
I totally rehabbed the home from top to bottom with high end Viking allliances, quartz countertops.   Etc.   The home is a mid century modern home 1973 

Home is now smart and modern, and very updated.  
value of the home is $1.56 (appraised)

Mortgage balance $916k

Home is on the market for 40 days 

Issue is all the homes around are newer homes 2.5 - 4 million. 

My thoughts are to cash out refi at  70 % 

Rent the home at  $9800 

Net $1000 a month while property increases. 

Other option, sell… pay 6% in Commision,  taxes, and possibly have to lower price to $1,350,000 or 1,300,000 

I welcome any educated feedback 

Thanks