What should I do , Payoff commerical mortgage and make 15% ROI or

[Mike B.]

Ive posted multiple threads because i have so many different variables in my investment portfolio . Currently I have multiple investment propeties , 5+ that are cash flowing . One property is due to mature in 7 months ( Dec 2020 ) This particular property ive had for 3 years and initially purchased with a 10 year note @ 3.95 % . when it matures , ill owe roughly 475,000 . My question is , since im having a hard time finding decent deals , should i pay off that mortgage when it matures and save the $6200 mortgage payment every month . That would put me at 15 % Roi . I cashflow 2k with the property already . What would you do , Pay off the loan and just profit that every month or refinance the property into a 20 year note , maybe higher rate and lower ltv ( 65% ) , pull out 240+ in equity ( it appraised at 1,100,000 last year ) and use that with current reserves and wait for another deal ? Im leaning towards pulling out equity and hoping i find a good deal but all deals im seeing are only making a 5-6 % CoC which from what people say isn't far off from what average is ( 8-10 % ) . I would rather just pay the loan off and cash flow that extra $ 6200 . Your thoughts ?