Sell, Rent or Keep Your Home? Run Your Numbers
Moving, PCS orders, or just wondering if your house would make a good rental? See what you would walk away with if you sold, what it would rent for and cash flow with professional management, and where each choice leaves you in five years.
The numbers come from real closed sales and closed leases in the Valley MLS over the last 12 months, matched to your ZIP code, bedrooms and size. We are both a brokerage and a property management company, so we have no reason to push you one way.
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How to Think About Selling vs. Renting Out Your Home
Three numbers usually decide it: the cash you would clear by selling today, the monthly cash flow if you rented it, and how much equity you would build by holding on. A low interest rate on your current loan makes renting more attractive, because your payment stays low while rents rise. Thin equity can make selling expensive, since selling costs come out of what you have built.
Questions
How accurate is the value estimate?
It uses the median price per square foot of homes that sold in your neighborhood or ZIP code in the last 12 months, so it is a starting point, not an appraisal. Updates, condition, lot and location within the neighborhood can move the real number either way. We can give you a free, detailed opinion of value.
Where does the rent estimate come from?
From homes with the same number of bedrooms that leased in your ZIP code in the last 12 months, through the Valley MLS. The typical range shows what most of them rented for.
What does property management cost with Wyze?
Wyze Property Management charges 10% of the rent collected each month and a leasing fee of half of one month's rent when a new resident moves in. The calculator also sets aside 10% of the rent for repairs and vacancy, which is a cushion, not a fee.
Are there tax rules I should know about?
Yes. Renting out a home you lived in can change how capital gains are taxed when you eventually sell, and rental income is taxable. Talk with your tax advisor before you decide; we can share what we see in the market, not tax advice.