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Reply to "Sell or Rent out?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Assuming your question is a financial one... Assume you net $300k on the sale. You'll receive $26,400 in rent. You'll owe $5k in taxes. Assume you'll need to pay $3k in expense per year. And assume you'll have 0% vacancy rate. You'll net about $18k/year on an asset you could net $300k if sold. That's a 6% cash on cash return under ideal circumstances. Or you can get a 5%+ return by parking the $300k in short term treasuries -- risk free and no hassle of being a landlord. Or you can get more than that in other marketable investments. Sell it. [/quote] You’re not factoring in any appreciation on the rental. If you’re in an area with rising home prices that could make it more attractive as a rental. [/quote] Also not factoring in equity and that you’ll be building equity on top of the rent revenue. It’s a headache, I wouldn’t do it. Especially in DC… but there’s a reason people do. [/quote]
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