Lakewood Ohio Help me analyze this deal
I already own this home in a trendy Westside suburb of Cleveland. I owe about $127,000 on a 20 year fixed mortgage with a low mortgage rate (3.75%). It is a duplex with 2 beds and a bath in each unit. In order to get the house ready to rent I would need to invest 100k. I estimate I could sell the house for 225k-250k. I am trying to determine should I repair the house and rent it or just sell it and take a profit?
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