To Refi or NOT to Refi: That is the Question

[Michael Malmrose]

We own a property (on a 15-year loan) that is currently being rented

REFI:

• $500 cash flow, have 
• $100K to invest, 
• pay off student loan debt ($500 a month) five years early
• paid off in 30 years

Don't REFI: 

• paid off in 11 years
• $100ish cash flow for 11 more years
• $2,500ish (or more depending on rents at that time) cash flow after 11 years are up

I like the thought of having the cash flow when I'm in my early 60s, but without it, it'll take longer to build.

Thoughts?