Analyze my rental vs sale analysis

[Zeratul]

Thank you for the answers.

[Another Reader]

The monthly rent is $3000 and the value is $510k.  Sell.  It is not even close to meeting the 1 percent rule.

[okobrien]

The monthly rent is $3000 and the value is $510k.  Sell.  It is not even close to meeting the 1 percent rule.

I agree with Another Reader.  Also, looking at your spreadsheet, it doesn't seem that your HOA fees are multiplied by 12 for your annual expenses.  Did I read that right?  If so, the deal just became cashflow negative.

[Field123]

Definitely a loser as far as it being an income property.

However, that doesn't mean it is necessarily a bad investment if you expect its value to continue to appreciate. It sucks for cashflow, but if its in a hot area that could keep pushing up, that's worth considering.

That said, the MMM answer would almost certainly be to sell.