Hi there, I bought this property in 2004, moved out of it in 2012, but rented out. I need help in deciding what is the best way forward. Here are my details:

Market Value: $620,000

Original Purchase price: $470,000

Original Mortgage Amount: $376,000

Interest Rate: 3.125%

Mortgage Term: 7/1 ARM - 30 years (it got reset and currently on the yearly reset)

Term remaining: 17 years

Amount remaining on mortgage: $335,000 (includes a $70,000 HELCO)

Gross Rents: $2600/month

Principal and Interest (the P&I of your PITI - should match with the above info): (principal : $1320, Interest: $840) Total: $2160/month (including the HELCO payments for both Principal and Interest)

Taxes and Insurance (the T&I of your PITI): $713/month

HOA costs:None

Deferred maintenance notes: None

Property located in SF bay area

As you can see, I have a negative cash flow per se, $2600-$2160-$713 = -$273, but this rent does pay the principal of $1320, so if I include then I do get $1320-$273 = $1,047 ( am I doing it correctly?) Basically, it is worth making $1047 for the $245,000 equity ($620,000 - $335,000 mortgage - $40,000 selling cost) or sell it or hold out for more appreciation ?

Thanks in advance