Urgent question pls help

[Vik Ari]

hi,

i bought a rental condo for 160k and its a down in price around 130k. its rented out and it covers my mortgage, taxes, fees and costs. I was looking to refinance to lower the month payment on my mortgage, but I though if I pay of the loan, then it will be better for me, i can get better return and sell in future quickly. Can someone help me understand when is a good time to pay off the loan and when it is not?

Outstanding loan: 120k
Rent: 1250/mnth

vik