Renovate to BRRR or new house?

[Anthony San]

I have just purchased a home I am living and in the process of renovating. I have done the basics like new LVP flooring and paint, working on getting electrical up to code to rent. But the last major renovation would be the kitchen cabinets (it is likely 70 years and looks it) but it would be around 6500 to get all new cabinets and countertops which I think would significantly increase value of the house. The only problem is I bought the house at the exact appraised price (I know it can have a good cash flow due to the demand of renters in the area) and I'm not sure if the increase would be enough to spend money on trying to BRRRR it or if I should just try to get a new house. For reference it code less than 5000 to get this current house. So the question is do renovate and hopefully pull the money back out or just get a new house already with the cash on hand?