I am trying to figure out if i should sell this property or keep renting it out. I've been renting it out for about 8 years (after i moved out) but the return on capital seems poor to me. Anyway, here is the information, appreciate any advice!
Market Value: 212k (according to zillow)
Original Purchase price: $186k
Original Mortgage Amount: $136k
Interest Rate: adjust every year, currently 4.625%
Mortgage Term: 7/1 ARM, amortized over 30 years, fixed period over
Term remaining: 19 years
Amount remaining on mortgage: $27k
Gross Rents: $1250/month
Principal and Interest (the P&I of your PITI - should match with the above info): $192/month (~$84 principle, $106 interest)
Taxes and Insurance (the T&I of your PITI): ~$400/month
HOA costs: $400/month
Other: managed by a company as it is remote, they charge 8%/month ($100/month)
-Jakub