Hang onto or get rid of my rental property

[David Andreiko]

Hello all,

Thanks in advance for any advice!  I purchased a rental property in Highland, CA in late 2014.  Total purchase price for the home was $238k (cash) with $1700/month rent coming in. (I bought the house with tenants already in and paying.)  I manage the property myself.  

Fast forward to today and my tenants are leaving.  they were perfect so I'm bummed.  my question is:

Should i go out and and find new tenants and keep it going or is my money better invested elsewhere?  here are some stats:

monthly rent:  $1700

Purchase Price:   $238,000

Taxes:  $3000/year  $250/month

Insurance:  $50/month

management (if i decide to go that route):   $140/ month

NOI=$1260/month $15120/year equaling 6.3% return on 238K

I think i could get somewhere between $280-$290k for the house.  needs about $4000 in upgrades to get it ready to sell if i so choose.  Any advice would be greatly appreciated!  happy new year everyone