When you're torn between holding or letting go...

[Rodney Sums]

I'm torn over whether to refi or sell one of my homes. It is my primary that I bought 3 years ago with the intent to house hack, improve, and rent. Appreciation has been good.  I'd like to eliminate student loan debt.   

For you landlords out there what goes in to deciding for you to continue renting or cash out and reinvest?  If you're interested, facts on the property I'm torn on are listed below if you'd like to include a critique in addition to your own decision making process:

Condo in 11 unit building

owe: 76K.  3 units currently listed and pending.  Low 156k, high 185k (yes, interesting spread).  both have been updated, just one a little nicer than other

student loans are 486/mo with a balance of 27k

It could rent for about 1275. Refi of $110k at 3.125% yields a payment of 538/mo PITI. add 255 for HOA which covers water, trash, roof, exterior, common grounds. cash flow by my estimation is extra conservative at about 169 for first year allocating a bigger than likely necessary budget for capex and maintenance. Otherwise around 300/mo

I gave consideration to whether return is better on cash in another investment vs the modest cash flow by refinancing. It's a competitive market.

If it were you would you refi, let the rent pay your property and student loan of or take the cash, pay student loan with cash and reinvest