Renovate to sell

[Zac Davis]

I'm trying to decide if renovating a property before we sell will be worth it. 

We listed the house 6 months ago after a tenants lease was up for 180k. we had some traffic, even a low offer, but ultimately It didn't sell so we got another renter. it cash flows better but not well enough. Once their lease is up we will try again, however I think a more updated home will sell better. 

there are a bunch of properties in the area that have been flipped and sold for 205k+ that have updated kitchens and bathrooms. This place would need 2 updated bathrooms and a new kitchen for sure.

How would i determine if this was worth doing? Where will the money get the most return?