Should she sell for 300% appreciation or hold for $200 cashflow?

[Derek Okahashi]

My other coworker has a property that is vacant and they are rehabbing it for a new tenant. Her and her fiancé aren't sure whether they should sell. What do you guys think? Here are the details:

- purchased in 2009 on  foreclosure for 118k

- currently worth about x3 that at about $350k

- just got rid of a bad renter; 5k in rehab with all their labor and time

- ^^ 15k rehab if they weren't doing it themselves

- cash flows about $200/mo with them managing the property themselves