Should I refinance my rental property?

[Rosalio Hernandez]

At the time, financed it for 20 years. Payment is $780 a month with $250 aonth going to taxes and we rent it for $1,200. This leaves us with $ 170 a month, at the time not saving for any expenses. That's why I wanted to know if wise to refinance for 30 yrs. We owe &70,000. We would still cashflow the same wafter putting aside for expenses