Payoff Car or Buy another Property?

[Mitch Rice]

I have a $16K car loan with a payment of $454 with about 24 months remaining. In my market that's also nearly the cost of a down payment on a property. 

If I treat my debt similar to a rental property, a $16K "investment" (paying off the car) would give me $454 in guaranteed cashflow. Obviously, there are no tax or appreciation benefits. It would also improve my DTI, which is starting to be challenging since I'm a new landlord.

I currently have two units and want to acquire 2 more this year. I can definitely acquire one more regardless of the car decision, but I may have to choose between paying off the car or getting a 4th property this year.

So what does everyone think? I'd love to hear opinions of those more experienced than me.

Thanks!