I bought a brand new town house back in 2019 in the FL suburbs. Super family oriented area with nothing much to do. As a young person in their 20's, I'm getting a little depressed living here, and I am considering renting the place out. After my refinance, my mortgage is around $1750. I got some quotes and saw that I can rent the place out for about $2600-$3000. If that execution goes well, that would be around ~$1000 cash flow, more or less, and it will increase overtime since rent goes up annually.

When I was browsing some apartments in cities near me (Fort Lauderdale), I saw that there is a one bed for $2,860. So, that would be $2860 - ~$1000 = $1860. That's really not that different for how much I'm paying for the house mortgage.

Is my calculation correct? Should I pull the trigger?

SWOT analysis:

• Strengths: City life, nearby airport, things to do, meeting new people etc
• Weaknesses: I'll be come a tenant again
• Opportunities: Being able to move frequently and experience living in new places every six months or a year
• Threats: Nobody rents my place out, and I end up with negative cashflow.