The question
Is this property worth keeping, or is the equity better used elsewhere?
Cash-on-cash return on the equity sitting in it, versus what that equity could do.
What we know
Pulled from My Stuff. Nothing is re-asked.
Nothing on file yet that bears on this decision. You can still work it through here — or add a few things in My Stuff so every future decision starts warmer.
What we still need
Only the things that genuinely move the answer. Approximate is fine — leave anything blank and it stays a stated assumption, never an invented number.
Stated assumptions
- Assuming what it's worth not provided.
- Assuming what's owed on it not provided.
- Assuming monthly rent minus expenses not provided.
- Assuming rate on the loan not provided.
CredABLE won't turn these into an authoritative-looking figure. Where a number decides the answer, it will say so and ask.
Options
Real alternatives. Very few of these decisions are actually yes or no.
Keep it as is
Especially strong if the rate is low.
Sell and redeploy the equity
Frees trapped capital, triggers costs and possibly tax.
Pull equity, keep the property
Cash without selling — and a bigger payment.
Change how it's used
Rent it, rent part of it, or reposition it.
Impact
What CredABLE will compare the options on.
What changes the answer
Assumptions that can flip the recommendation, stated up front.
- The rate on the existing loan. A cheap fixed loan is itself an asset.
- Selling costs and the tax treatment of the gain — confirm both with a professional.
- What the freed equity would actually go into.
CredABLE's take
A clear read on your version of this, plus the next move.
You'll get one interpretation, not a shrug — and every assumption behind a number will be written in front of it.
Save this scenario
Come back to it, or compare it against another.
Examples: “$650k house”, “Pay off cards”, “HELOC option”, “Investment property #1”.