To payoff mortgage or hold cash

[Wendell Torrey]

My property’s are in Grand Rapids MI area.

I'm 57 yr old with $125k W2 job. I own three rental property's. 2 SFH and a duplex plus my home.

My question is, should I pay off the $65k balance on a SFH rental property.

It would increase cash flow by $600 per month / $7200 per year / $72,000 over 10. Plus eliminate $13,000 interest over the 10 years remaining on mortgage.

The market here is high priced.

I would always have the option to cash out refinance in future if I found property to purchase.

I do also have additional 175k cash.

What would do?