My family is moving out of the Charleston, South Carolina area. We are financing our VA loan backed 3333 sq feet home in a highly desirable area in the city of Summerville, SC. Currently our mortgage, insurance, taxes are at $1650 a month (we put in 30% down payment and our interest is about 2.25% 30 year) Based on the comps of rentals we can rent it out for $3k to 3.5k easily.
We would like to sell it outright if we can but if we have to rent I know I’m already ahead and it will generate passive income but of course we will be stuck renting for 1-2 years to see where the rates settle.
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source https://www.reddit.com/r/RealEstate/comments/zo8ay3/sell_or_rent_property_2023/
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