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Should I sell or rent?

I can’t decide if I should rent or sell my current primary residence .

I currently own a townhouse in Florida, I am looking to move back to New York next year for a business opportunity.

I bought the townhome in 2021 for $320,000, and it currently has an estimated value around $500,000. My mortgage rate I locked in for 2.875%.

Monthly expenses: Mortgage(includes taxes/insurance): $1800 HOA: $345 Utilities: $225(varies higher lower from winter and summer months) Total: $2370

Current rentals in the area of similar townhomes are going from $3000-$3600 per month.

I’m leaning towards renting it out since I don’t want to lose that low interest rate, but I worry about losing out on the tax savings with the equity I would receive from a sale.

submitted by /u/Impossible_Luck8547
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/16010mf/should_i_sell_or_rent/
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