Should I flip the SFH I bought intending to use as rental?

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We just closed on a SFH that we planned to use as a rental. Our realtor took forever to give us the comps but now that we have gone over them we realize that we could probably spend 10k on this house and profit about 25k if we sold it. As a rental it will cash flow about 500 a month, but we have 17k tied up in it. What would you do? Stick with the original plan and rent it out (maybe refi later to get the cash out) or do a few upgrades and sell it?