Payoff car or buy investment property

[Scott Beebe]

Hi,

I'm in need of some advice. Not sure I should payoff my car or buy an investment property.Here are some details.

Car loan: $12000, 4.75%, 52 months, $240/month

$45K in savings. I own my home free and clear. The car loan is the only debt I have.

Looking at owner financed investment property. Monthly cash flow after expenses is $105. Terms of loan 15/30 balloon at 10%. $33K selling price.

Suggestions?