Should I rent out my 1 bed apartment and move back in with my parents for a bit?

Hey guys,

Lately I've been debating whether I should rent out my 1 bed. apartment that I bought 3 years ago.

I paid $440k for it, and I very much enjoy it and I enjoy living in it. But I also lately have been debating whether it will be a good idea finanically to rent it out for lets say 12 months, and move back in with my parents for that time.

I am 29, work full time, have no partner currently and no kids. Im thinking even if I get lets say $1600 a month for it, throw in an extra $400 from my own pocket to cover the monthly mortgage, I'd still be able to save a ton of money from that alone.

Im just torn and not sure if its a wise decision financially or otherwise

Would love to hear some opinions and advice from you guys.

Cheers,