I’ve owned my townhome in the Atlanta area for ~2 years. There’s a real possibility I may need to relocate for a job in the coming months, and I’m weighing whether it makes more sense to rent it out or sell when the time comes.
Current Costs (all in: mortgage, taxes, insurance, HOA): $3,260 / month
Estimated Rent (based on different tools):
Redfin: $3,880
Zillow: $3,663
Rentometer: $3,800
Rentcast: $3,300
So realistically, I could probably get somewhere in the $3,600–$3,800 range. That leaves ~$340–$620/month over my current costs (before property management, vacancies, maintenance, and taxes).
Ownership details:
Current Value: ~$600K–$610K
Loan Balance: ~$342K
Equity: ~$258K–$268K
Question:
Given these numbers, does it make more sense to:
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Rent it out and hold for appreciation / possible return to Atlanta, or
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Sell now and lock in equity to avoid landlord headaches?
Would appreciate any thoughts on how others would approach this decision.
Rent vs Sell: Atlanta Townhome (Potential Relocation)
byu/zzaig inrealestateinvesting
Posted by zzaig