Should I keep as rental or sell as flip?

[John Leviege]

Hello Biggerpockets family,
I'm looking for some savvy real estate investor veteran advice here.
I am in the process of rehabbing a property & would like to know if I should keep as a rental or flip.
Obviously, there are advantages to both based on my individual investment goals, however, I'm simply looking to gain perspective based on this particular deal itself.
If I keep as a rental, I"m already approved for a HELOC at 3.5% @ 90% LTV. If it appraises at $290,000, credit line would be for $261,000. If I paid off my private lender at $99,000 @ 3.5%, monthly payments would be approx $300.
Details below:
4 bedroom 2 bath 1600 sqft Brick ranch

• $290,000 - ARV
• $99,000 - private lender payoff (purchase price was $90,000, 10% to lender)
• $21,000 - total repair budget (I borrowed purchase only, not repairs)
• $2,000 - rental rate
• $261,000 - 90% LTV
• $162,000 - Available funds @ 90% LTV - $99,000 lender payoff)
• $1,500 - estimated monthly cashflow after rent..i.e property manager, HELOC payment, etc..