Ok, I've run the numbers and have an answer for myself (I think) but would love you all to chime in now that I'm savvy to the sticky (thanks arebelspy!)
Market Value: 325k
Original Purchase price:250k
Original Mortgage Amount: $187,125
Interest Rate: 3.875
Mortgage Term: 30 yrs
Term remaining: 26.5
Amount remaining on mortgage: 168k
Gross Rents: $2000-2200 (this is an estimate per a management company)
Principal and Interest (the P&I of your PITI - should match with the above info): $1209/mo
Taxes and Insurance (the T&I of your PITI): $3613/yr
HOA costs: $500/yr
Deferred maintenance notes: will need to put property under management, appx 8% of gross rent.
Anything else special or unique in regards to the numbers of the property (not the property itself; things such as city assessments, back taxes, special costs due to unique features of the property, etc. etc.): Prior to considering this sale, my mom was living here and paying below market rent. She's downsizing to an apartment now, so the question is: do I keep it and rent it out. I live out of state and will have to contract a management company to do so.
thanks!!