Cash Flow:If your goal is to generate cash flow from your property, renting it out may be the better option. You can collect monthly rent from your tenants and potentially earn a profit after expenses. However, if you need a lump sum of cash, selling your property might be the better option.
Real Estate Market Conditions:The current real estate market in Walnut Creek is highly competitive, with prices continuing to rise. If you sell your property now, you could get a high price, but it may be challenging to find a new property to invest in at a reasonable price. On the other hand, if you decide to rent your property, you could benefit from a steady income stream, as the demand for rental properties in Walnut Creek is always high.
Long-Term Investment Goals:If you're looking for a long-term investment, renting your property might be the better option. Walnut Creek's population continues to grow, and the demand for rental properties is expected to remain high. You could hold onto your property and continue to collect rent for years to come, potentially earning a significant return on your investment.
Ultimately, the decision to rent or sell your property in Walnut Creek depends on your specific circumstances and investment goals. It's essential to evaluate all the factors and consult with a real estate professional to make an informed decision.
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If you RENT your property, you'll have $21,355 more wealth in 5 years verses selling your property today.
|Year||Rental Income||Mortgage Expense||Other Costs||Net Cash Flow||House Value||House Equity||Wealth (Rent Out)||Wealth (Sell Now)||
Difference in Wealth
(Rent Out to Sell Now)
Terms and Conditions
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