Some details:

Current home value: $560k

Mortgage: $98k left ($462k in equity)

Monthly Payment: $1200 incl tax and ins

Mortgage rate: 3.5%

Rental Value: $2300 per month

My wife and I are moving abroad in about 18 months and are trying to Decide what to do with our current house. We live in a good area that is up and coming with all kinds of new development around us in one of the fastest growing cities in the US (Phoenix/Scottsdale) so long term the value should continue to increase.

So we could easily get $1100 in cash flow per month and out of our $1200 payment around $685 is going to principle and that is increasing so we would be getting around $1785 net. We will be buying a second investment property abroad for about $550k and renting our primary for a few years.

I have a great lifelong friend who has been my realtor for years who is willing to run property management if I go the long term rental route. I have very little understanding of AirBnB other than the fact that I can give a property management company 30%.

Finally, it’s important to note that my wife and I are not legally married so I can only qualify for $250k in capital gains which decreases some of the upside in appreciation.

Has anyone been in my situation, managed properties overseas or just have the experience knowledge to look at this and say one option would be definitively better another financially?