Sell or rent?

Hello, We bought a condo in 2018 for 650k. We’re trying to decide whether to sell it or rent it out and would appreciate your help.

Here are the key details:

• Remaining mortgage: $445,000 at a 4% interest rate • Estimated sale price: $1.02 million • Potential rental income: $4,000/month • HOA fees: $450/month • Property taxes: approximately $7,800/year • If we rent, we’d likely hire a property manager

I’ve run the numbers using a few online calculators, and selling seems to be the slightly better option—but not by much. I just want to make sure I’m not overlooking anything important. Thank you!

submitted by /u/FBZ_ART
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source https://www.reddit.com/r/RealEstate/comments/1ogcjis/sell_or_rent/