Having a rentals has served me well. If you bought at the right time, you can make a good return on your investment. Many in this forum will discourage anyone from ever renting out a home. I get it, it is not for everyone. It is a part time job.
If you rent out both sides of the unit, you will be making an 8% return on the $265K you bought it for assuming 30% of your income goes to expenses. That is not counting the future appreciation of the property. The property value has grown about 264% since you bought it. It sounds like this investment has served you well so far. Rent does go up over time so the income from this property should continue to increase for as long as you hold it. Seeing that your W2 income is not very high, I think the extra rental income will act as a good supplement to your current income.
I don’t think I can advise you to go one way or the other. It sounds like you will continue to earn money on the duplex if you keep it. The question is do you want to keep being a landlord.
The other side of the question is, can you afford the new house you want without selling this one? Is it worth selling an investment that brings you an income of $23K per year after expenses? A 30 year loan would mean your new house would be paid off when you are 79 years old. All things to consider when you make this decision.
If you rent out both sides of the unit, you will be making an 8% return on the $265K you bought it for assuming 30% of your income goes to expenses. That is not counting the future appreciation of the property. The property value has grown about 264% since you bought it. It sounds like this investment has served you well so far. Rent does go up over time so the income from this property should continue to increase for as long as you hold it. Seeing that your W2 income is not very high, I think the extra rental income will act as a good supplement to your current income.
I don’t think I can advise you to go one way or the other. It sounds like you will continue to earn money on the duplex if you keep it. The question is do you want to keep being a landlord.
The other side of the question is, can you afford the new house you want without selling this one? Is it worth selling an investment that brings you an income of $23K per year after expenses? A 30 year loan would mean your new house would be paid off when you are 79 years old. All things to consider when you make this decision.
Statistics: Posted by R Investor — Mon Nov 24, 2025 12:33 am — Replies 11 — Views 749