Re: 100k what to do ?
Just curious...why are you against holding on to the property? I would imagine that you are making a monthly profit with rent, and that you can set up that money to go into a CD or other type of interest-bearing account. The benefits of having rental property and the depreciation allowed seem huge to me. Since it doesn't sound that you particularly NEED the money (ie: for another house, etc.), I'm surprised you want to sell.
I'm also trying to understand how a dividend works on a CD. (Any input here appreciated.)
Aside from the dividend though, if you put $100,000 into a 1-yr CD that yields 3.51% interest, that equates to $3,510 for the YEAR. That is an average of $292.50 per month. Aren't you currently earning that much per month on your rental, PLUS the tax breaks?
(Looking at your math, you are showing a 41.4% yield! We would all love that ~ but it doesn't work that way. Whatever the interest percentage is, it is on an annual basis, so you only earn 1/12 of that each month.)
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