Sell or Lease: I want to hear your 2 cents

來源: 2012-12-20 20:28:41 [博客] [舊帖] [給我悄悄話] 本文已被閱讀:

I bought this single family at 2005 for 430K and invested 60K to upgrade. If I want to sell the house today, I can expect to sale for 420K to 430K and the net proceeds after agent fee would be about 400K. So I will lose 90K if I sell the home today. However, I can free up 150K cash to do other investment.

My other alternative is to rent the house for a monthly income around $2200 and my monthly mortgage interest is 490 and property tax and insurance is about 430. I have a 10 year fix loan right now and monthly payment is around 2800 which include 1800 principle, 490 tax and 430 escrow. I will have a negative cash flow if I keep my current 10 year fix loan but the interest cost is low.

I heard people say it is not good to rent out single family as no one will take care the property like I do. I want to hear your 2 cents on whether you will choose rent or sale under this situation.

Happy holidays! And Thanks for your inputs!