u/PowerfulRecord5857

I'm struggling hard with a sell vs rent decision and am hoping to get some advice. I have a friend in real estate that is strongly advising me to keep the property, but I'm struggling with the math of it making sense.

Home Value $850k

Outstanding Mortgage 300k, (2.4k monthly payment, 2.5% interest, about 14 years left)

Rent after property manager fee: $2950

After taxes I just about break even. I don't currently need the equity for anything, but will probably want to access it (maybe through a HELOC?) at some point for a new primary residence.

I've rented it for two years so far after it being my primary residence. I do like the idea of diversifying long term invests - so having property and 401k etc, but I have such a hard time with all the equity sitting there doing nothing.

Any advice, long term math help, would be super appreciated! Thank you!

I'm struggling hard with a sell vs rent decision and am hoping to get some advice. I have a friend in real estate that is strongly advising me to keep the property, but I'm struggling with the math of it making sense.

Home Value $850k

Outstanding Mortgage 300k, (2.4k monthly payment, 2.5% interest, about 14 years left)

Rent after property manager fee: $2950

After taxes I just about break even. I don't currently need the equity for anything, but will probably want to access it (maybe through a HELOC?) at some point for a new primary residence.

I've rented it for two years so far after it being my primary residence. I do like the idea of diversifying long term invests - so having property and 401k etc, but I have such a hard time with all the equity sitting there doing nothing.

Any advice, long term math help, would be super appreciated! Thank you!